ARROW FINANCIAL CORPORATION, INC

Formerly ARROW FINANCIAL CORPORATION

EIN 22-2448962 · NY · Insurance / Financial Services

Compensation disclosed1 broker of record, 2021–2025As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Employer-paid broker pay2025: $213,4192024 · analysis: $187,9592023: $127,4572022: $151,4862021: $151,859

Benchmarked against: Insurance / Financial Services · 101–500 employees · same industry, in-state · n=148 employers (your plan plus 147 peers)

373

(2024)

Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).

Funding

$187,959

Broker pay, employer-paid lines (2024)

$41.99

2024 · 57th pct vs peers · n=148

Lines disclosed: Vision · Low disclosure

Broker pay as a share of insured premium: 3.6% (peer median 5.6%, 18th percentile).

Without the 33 low-disclosure peers, this plan is at the 46th percentile of 115 comparable plans (your plan plus 114 peers).

Per-participant and share-of-premium comparisons differ because your plan insures fewer lines than most peers. The line-by-line rates below are the most direct comparison.

Showing 2024, 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 2024?

The figures above use 2024, the latest year we can compare with similar employers. A filing for 2025 is on file. Most employers have not filed for 2025 yet, so there is no complete peer group to compare it with. Rows for 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

3.1%

Peer median 2.8%

Within peer range

Vision

4.0%

Peer median 6.8%

Within peer range

Dental and Life are not on this filing as their own contracts, so there is no peer rate to show for them.

This 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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Where the $187,959 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)

Life insuranceHealthShort-term disability

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

Year:

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 2024, the latest year that is complete and benchmarked.

Broker identity on this page is limited for public viewers. Sign in with your work email or share your plan basics for the full breakdown on your company.

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 2024 — 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 · contract 20031866	Capital District Physicians's Health Plan Inc.	3.1%	med 2.8%	Within peer range
Medical · contract 20025782	Capital District Physician's Health Plan Inc.	10.9%	med 3.7%	Above peer range
Medical · contract 286332	Highmark New York	3.6%	med 3.7%	Within peer range
Vision	Anthem Blue Cross and Blue Shield	4.0%	med 6.8%	Within peer range

How the peer group for each line was built

Medical: n=517 contracts, Northeast, 501-2500 covered lives
Medical: n=1,768 contracts, Northeast, 1-100 covered lives
Vision: n=862 contracts, Northeast, 501-2500 covered lives

n = the number of peer contracts in that comparison group.

Everything in this table is from the 2024 filing. These 4 contracts are a subset of the broker compensation disclosed for that year. The remainder sits on bundled multi-line contracts, contracts with no premium reported, or Schedule C service-provider fees, none of which carry a comparable single-line 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. A rate on bundled multi-line premium is not comparable to a single-line rate, so bundled contracts are never given a peer position.

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 504ARROW FINANCIAL CORPORATION DENTAL BENEFIT PLAN416 participants (2025)

Life insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file

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PN 508ARROW FINANCIAL CORPORATION MEDICAL INSURANCE PLAN365 participants (2025)

HealthShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 5 years on file

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PN 503ARROW FINANCIAL CORPORATION FLEXIBLE SPENDING ACCOUNT183 participants (2025)

HealthSelf-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

Primary brokerLimited on public pages

Years on file5

Lead broker continuitySame primary broker

Most

Peer benchmarkInsurance / Financial Servicesn=148 · state peers

Is this your company?

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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.

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: 2024; 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.

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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.