EQUITABLE FINANCIAL LIFE INSURANCE COMPANY
EIN 13-5570651 · NY · Insurance / Financial Services
Benchmarked against: All industries · 2,501–10,000 employees · all industries at this size, nationwide · n=2,123 employers (your plan plus 2,122 peers)
Fewer than the minimum (10) insurance / financial services employers of this size had broker pay on file, so the comparison widens to all industries at this size. The 2,123 figure is not insurance / financial services companies — it's every sector at your employee-size band, nationwide.
5,323
(2021)
Fully insured
Funding
$3,945,803
Broker pay, employer-paid lines (2021)
$61.77
2021 · 99th pct vs peers · n=2123
Lines disclosed: Dental · Vision · Life
Broker pay as a share of insured premium: 4.4% (peer median 4.8%, 6th highest of 10 comparable plans (your plan plus 9 peers)).
Without the 2 low-disclosure peers, this plan is the highest disclosed broker pay among 8 comparable plans (your plan plus 7 peers).
Per-participant and share-of-premium comparisons differ because your plan insures a different mix of lines than most peers. The line-by-line rates below are the most direct comparison.
Employer-paid $3,945,803 benchmarked for 2021 · $361,548 shown as filed, excluded as a likely filing error
Why excluded?
3 broker compensation lines totaling $361,548 on the Form 5500 appear to be filing errors (a commission above 100% of the premium reported on that contract, or pay above $200 per participant per month or $50,000,000 on one line). We verified these amounts against the DOL EFAST publication — they are as filed by the plan sponsor, not an Unbrokered ingest error. Those lines are shown as filed and excluded from peer benchmarks and headline PEPM.
Showing 2021, the latest year with a complete peer group. A 2025 filing is on file and appears in broker history; it is not benchmarked yet.
Why 2021?
The figures above use 2021, the latest year we can compare with similar employers. A filing for 2022–2025 is on file. 2022 shows commissions paid through insurance contracts, and is missing the compensation the plan pays brokers directly that a recent prior year reported. A missing schedule usually means that year's filing is still arriving, so we wait for both before comparing the year with peers. 2023 shows commissions paid through insurance contracts, and is missing the compensation the plan pays brokers directly that a recent prior year reported. A missing schedule usually means that year's filing is still arriving, so we wait for both before comparing the year with peers. 2024 shows commissions paid through insurance contracts, and is missing the compensation the plan pays brokers directly that a recent prior year reported. A missing schedule usually means that year's filing is still arriving, so we wait for both before comparing the year with peers. Most employers have not filed for 2025 yet, so there is no complete peer group to compare it with. 2022 broker pay on file so far totals $1,863,043 across all lines, about 53% less than the $3,945,803 for 2021. Rows for 2022–2025 stay in the broker history and stay out of the headline and the peer comparison.
Broker commission rate by benefit line
What the broker earns on each insured line, as a share of that line's own premium — not a share of total broker pay, and not what the coverage cost. Peers for these tiles: same region, similar covered lives. Full table below. How the national rates are built.
Medical
2.0%
Peer median 2.6%
Within peer rangeDental
3.0%
Peer median 3.3%
Within peer rangeLife
5.4%
Peer median 8.7%
Within peer rangeVision
5.0%
Peer median 7.0%
Within peer rangeThis page shows what was filed. The report shows what it means.
- What the gap is worth — the dollar difference vs. peer median, including a 3-year view
- The current structure compared against levels comparable plans actually reported
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Broker Compensation Benchmark Report
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Where the $3,945,803 across all lines goes
Each broker and each benefit line, in dollars
How much broker pay rides inside the premium
Base commission against bonuses and other carrier payments, all funded through premium
Whether this number is drifting
Compensation across every filed year, against the peer median
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Benefits covered (latest filing)
From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers, including medical (health).
Broker history
Benefit lines covered by year — broker identity limited on public pages
The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers. The analysis year is 2021, the latest year that is complete and benchmarked.
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Commission rates by benefit line
Each insured contract on the filing, with the broker's commission as a share of that contract's own premium. Premium is what was paid to the carrier for the coverage; only the commission column is broker pay.
Analysis year 2021 — the same year as the headline figure and per-participant rate above. The 2025 filing is on file and its figures are shown as filed, but most employers have not filed 2025 yet, so it is not compared with peers.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Medical ($0 premium) | Cigna Health and Life Insurance Company and Affiliates ('Cigna')Plan 501 · 1,596 lives · Health | 2.0% | med 2.6% | Within peer range |
| Medical ($0 premium) | UnitedHealthcare Insurance CompanyPlan 501 · 1,531 lives · Health | 2.0% | med 2.6% | Within peer range |
| Medical ($0 premium) | Empire Healthchoice Assurance, IncPlan 501 · 834 lives · Health | 1.9% | med 2.6% | Within peer range |
| Dental ($0 premium) | Delta Dental of New YorkPlan 501 · 6,094 lives · Dental | 3.0% | med 3.3% | Within peer range |
| Medical ($0 premium) | UnitedHealthcare Insurance CompanyPlan 502 · 160 lives · Health | 2.0% | med 3.7% | Below peer range |
| Life · contract 50187 | Securian Life Insurance CompanyPlan 505 · 1,596 lives · Life | 5.4% | med 8.7% | Within peer range |
| Dental ($0 premium) | Cigna Health and Life Insurance Company and Affiliates ('Cigna')Plan 501 · 733 lives · Dental, Other (PREPAID DENTAL) | 3.0% | med 3.9% | Within peer range |
| Medical ($0 premium) | UPMC Health OptionsPlan 501 · 131 lives · Health | 2.0% | med 3.7% | Below peer range |
| Medical ($0 premium) | Priority Health Insurance CompanyPlan 501 · 106 lives · Health | 2.0% | med 3.7% | Below peer range |
| Vision ($0 premium) | Vision Service PlanPlan 501 · 2,102 lives · Vision | 5.0% | med 7.0% | Within peer range |
| Medical ($0 premium) | Empire Healthchoice Assurance, IncPlan 502 · 15 lives · Health | 1.9% | med 3.8% | Below peer range |
| Medical ($0 premium) | Kaiser Foundation Health Plan of Washington Options, Inc.Plan 501 · 53 lives · Health | 2.0% | med 3.8% | Below peer range |
| Life · contract 33247 | Securian Life Insurance CompanyPlan 505 · 563 lives · Life | 2.3% | med 8.7% | Below peer range |
| Medical ($0 premium) | Health NetPlan 501 · 11 lives · Health | 1.3% | med 3.8% | Below peer range |
| Medical ($0 premium) | Dean Health Plan Inc | 2.0% | med 3.8% | Below peer range |
| Dental ($0 premium) | Delta Dental of New YorkPlan 502 · 248 lives · Dental | 3.0% | med 5.4% | Below peer range |
| Medical ($0 premium) | Geisinger Quality Options, Inc. | 2.0% | med 3.8% | Below peer range |
| Medical ($0 premium) | Medical Mutual | 2.0% | med 3.8% | Below peer range |
| Medical ($0 premium) | Cigna Health and Life Insurance Company and Affiliates ('Cigna')Plan 502 · 2 lives · Health | 1.5% | med 3.8% | Below peer range |
| Medical ($0 premium) | Prevea360 Health Plan | 2.0% | med 3.8% | Below peer range |
| Vision ($0 premium) | EyeMed Vision CarePlan 501 · 504 lives · Vision | 5.3% | med 7.0% | Within peer range |
| Vision ($0 premium) | EyeMed Vision CarePlan 501 · 1,012 lives · Vision | 5.3% | med 7.0% | Within peer range |
| Medical ($0 premium) | Health NetPlan 502 · 1 lives · Health | 1.3% | med 3.8% | No commission on this contract |
| Dental ($0 premium) | Delta Dental of New YorkPlan 501 · 143 lives · Dental | 3.0% | med 5.4% | Below peer range |
| Medical ($0 premium) | Health NetPlan 501 · 3 lives · Health | 2.7% | med 3.8% | Within peer range |
| Vision ($0 premium) | Vision Service PlanPlan 502 · 86 lives · Vision | 5.0% | med 7.0% | No commission on this contract |
| Vision ($0 premium) | EyeMed Vision CarePlan 501 · 767 lives · Vision | 5.4% | med 7.0% | No commission on this contract |
Bundled and other contracts — no single-line peer comparison
A bundled contract covers two or more lines on one premium (for example Health + Dental). Its effective rate is the commission on the whole premium; it is shown for completeness and never compared with single-line peers, because the mix of lines inside the bundle sets the rate as much as the broker does.
| Covers | Contract | Effective rate | vs. peers |
|---|---|---|---|
| Medical + Dental | Aetna Life Insurance Co.Plan 501 | 2.0% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan IncPlan 501 | 1.8% | No comparable line |
| Other benefitOther benefit | Kaiser Foundation Health Plan IncPlan 501 | 2.2% | No comparable line |
| Medical + Dental | Aetna Life Insurance Co.Plan 502 | 2.0% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan of the Mid-AtlanticPlan 501 | 2.0% | No comparable line |
| Medical + Dental | Triple S Salud, Inc.Plan 501 | 3.9% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan of ColoradoPlan 501 | 2.0% | No comparable line |
| Dental + Vision | Metropolitan Life Insurance CompanyPlan 501 | 3.3% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan of the NorthwestPlan 501 | 2.0% | No comparable line |
| Medical + Dental | Triple S Salud, Inc.Plan 502 | 3.9% | Bundled; no single-line peer |
| Other benefitOther benefit | Kaiser Foundation Health Plan of GeorgiaPlan 501 | 2.1% | No comparable line |
| Other benefitOther benefit | Kaiser Foundation Health Plan IncPlan 502 | 1.8% | No comparable line |
| Other benefitOther benefit | Kaiser Foundation Health Plan of ColoradoPlan 502 | Not comparable | No comparable linePremium under $10,000 is too small to compare |
| Dental + Vision | Metropolitan Life Insurance CompanyPlan 502 | Not comparable | Bundled; no single-line peerPremium under $10,000 is too small to compare |
12 contracts under $10,000 in premium — listed for completeness, not compared to peers. Show
- Medical — Health Net — Premium under $10,000 is too small to compare
- Medical — Kaiser Foundation Health Plan of Washington Options, Inc. — Premium under $10,000 is too small to compare
- Dental — Cigna Health and Life Insurance Company and Affiliates ('Cigna') — Premium under $10,000 is too small to compare
- Life — Equitable Financial Life Insurance Company — Premium under $10,000 is too small to compare
- Medical — Priority Health Insurance Company — Premium under $10,000 is too small to compare
- Medical — UPMC Health Options — Premium under $10,000 is too small to compare
- Dental — Safeguard Health Plans, Inc., a California Corporation — Premium under $10,000 is too small to compare
- Vision — EyeMed Vision Care — Premium under $10,000 is too small to compare
- Dental — Delta Dental of New York — Premium under $10,000 is too small to compare
- Vision — EyeMed Vision Care — Premium under $10,000 is too small to compare
- Dental — Safeguard Health Plans, Inc., a Texas Corporation — Premium under $10,000 is too small to compare
- Vision — EyeMed Vision Care — Premium under $10,000 is too small to compare
How the peer group for each line was built
- Medical: n=666 contracts, Northeast, 501-2500 covered lives
- Dental: n=142 contracts, Northeast, 2501-10000 covered lives
- Medical: n=3,277 contracts, Northeast, 101-500 covered lives
- Life: n=1,179 contracts, Northeast, 501-2500 covered lives
- Dental: n=785 contracts, Northeast, 501-2500 covered lives
- Vision: n=856 contracts, Northeast, 501-2500 covered lives
- Medical: n=1,840 contracts, Northeast, 1-100 covered lives
- Dental: n=2,402 contracts, Northeast, 101-500 covered lives
- Vision: n=233 contracts, Northeast, 1-100 covered lives
- Dental: n=606 contracts, Northeast, 1-100 covered lives
- Life: n=604 contracts, Northeast, 1-100 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2021 filing. These 53 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate. 2025 is not rated here. Its rows appear in Broker history above as filed — pick 2025 on the year chips there to see them.
Peer comparison here is contract-level: each line is matched to single-line contracts covering a similar number of lives. The geography and size band come from that cell's generated scope label. That is a different group from the plan-level peer set, which compares employers on total broker cost per employee, so the two sample sizes are not expected to agree. The national table on the research page includes every single-line contract on that benefit line. Company pages use the tightest cell with at least 10 contracts — region and size when those exist, otherwise national. The two medians answer different questions, so they are not expected to match. Contracts under $10,000 in premium are listed for completeness, with no rate or peer position. A near-zero rate on a large premium usually means the broker is paid elsewhere (through a bundled contract, a Schedule C fee, or commission on other lines), so no market position is shown for that contract.
Plans on file
Expand a plan to see its insured contracts and year-over-year history — the details someone on the plan can recognize and verify.
PN 505EQUITABLE GROUP LIFE INSURANCE PLAN7.1K participants (2025)DentalOtherFully insured · 5 years on file
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PN 501EQUITABLE HEALTH PLAN5.7K participants (2025)HealthLife insuranceShort-term disabilityOtherFully insured · 5 years on file
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PN 502EQUITABLE RETIREE HEALTH PLAN0 participants (2025)HealthLife insuranceShort-term disabilityOtherFully insured · 5 years on file
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PN 511EQUITABLE HEALTH REIMBURSEMENT ARRANGEMENT0 participants (2025)HealthLife insuranceShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file
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Covers = benefits reported on the Form 5500 (welfare benefit codes). Contracts = insured lines itemized on Schedule A; a self-funded medical line never appears there.
At a glance
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How do similar employers compare?
Employers in the same peer group (Insurance / Financial Services, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- CONTINENTAL CASUALTY COMPANYIllinoisCompensation disclosed →
- CARESOURCE MANAGEMENT SERVICES LLCOhioCompensation disclosed →
- G. W. HENSSLER & ASSOCIATES, LTD.GeorgiaCompensation disclosed →
- ROBERT W. BAIRD & CO., INC.WisconsinCompensation disclosed →
- THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICANew YorkCompensation disclosed →
Browse more: New York employer health plans · Insurance / Financial Services plans in New York · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Analysis year: 2021; newest plan year with a filing on file: 2025. Dataset refreshed October 7, 2026. Plan years are labeled by the year they begin, so a July 2024 – June 2025 plan year is 2024. Filings may lag 12–18 months behind the current plan year.
Report a data discrepancy
Unbrokered reports data as filed with the DOL. If you believe a figure is incorrect, tell us what it should be. We respond within 2 business days and, where the underlying filing has been amended, update on our next data refresh. We don't remove publicly filed information on request, but we do correct genuine errors.