PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
EIN 22-2625848 · NJ · Other
Benchmarked against: Other · 10,001–50,000 employees · same industry, regional · n=23 employers (your plan plus 22 peers)
Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, regional within Other.
10,577
(latest)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$52,934
Broker pay, employer-paid lines (2024)
$0.42
5th pct vs peers · n=23
Lines disclosed: Vision · Low disclosure
Broker pay as a share of insured premium: 1.9% (peer median 3.3%, 27th percentile).
Without the 2 low-disclosure peers, this plan is at the 5th percentile of 21 comparable plans (your plan plus 20 peers).
Employer-paid $52,934 benchmarked for 2024 · Voluntary $1,339,875 shown separately, compared by rate only
Self-funded medical. This figure is commissions on the insured ancillary lines (life, disability, dental, vision, stop-loss). A self-funded employer's medical advisor is typically paid a fee outside these filings, so total broker pay is usually higher than the figure shown.
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.
Voluntary / worksite
2.2%
Peer median 13.3%
Below peer rangeVision
1.9%
Peer median 2.2%
Within peer rangeVoluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
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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Broker Compensation Benchmark Report
Peer distributions · dollar quantification · 3-year trajectory · modeled alternatives
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Where the $1,392,809 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
A screenshot isn't a record. Get the dated report for your file.
Line-item breakdown, multi-year trend, and methodology-backed framing — ready for fiduciary oversight and recordkeeping.
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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).
Disclosure opacity
What this filing doesn't show
This filing discloses no compensation on a health or stop-loss contract for 2024 — the plan's largest lines are absent from the public record. That is typical for self-funded plans, not reassuring: 53% of self-funded health plans with 100+ participants disclose the same — nothing (42K plans reviewed, 2024 filings). How we count this. The compensation still exists — under ERISA Section 408(b)(2), it must be disclosed in writing to the plan fiduciary on request.
Get the 408(b)(2) disclosure request letter — a ready-to-send request for the compensation this filing doesn't show. Free with an employer account.
Broker history
Benefit lines covered by year — broker identity limited on public pages
Medical here is self-funded. The employer pays its own health claims (usually through a TPA), so there's no insurance contract for medical and it never appears on Schedule A. The itemized coverages in this filing are the insured ancillary lines — dental, vision, life, disability. Schedule C captures advisor pay two ways: paid directly from plan assets, or received indirectly from a carrier or vendor in connection with the plan. This plan has no Schedule C on file — so any advisor compensation beyond those ancillary lines isn't captured in this filing.
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.
| Benefit line | Contract | Rate | vs. peers | Position |
|---|---|---|---|---|
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 533 · 25,439 lives · Life, Other (SUPPLEMENTAL AND CHIL… | 2.2% | med 13.3% | Below peer range |
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 531 · 25,439 lives · Life, Other (SUPPLEMENTAL AND CHIL… | 2.2% | med 13.3% | Below peer range |
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 541 · 25,439 lives · Life, Other (SUPPLEMENTAL AND CHIL… | 2.2% | med 13.3% | Below peer range |
| Vision ($0 premium) | Metropolitan Life Insurance CompanyPlan 541 · 15,739 lives · Vision | 1.9% | med 2.2% | Within peer range |
| Vision ($0 premium) | Metropolitan Life Insurance CompanyPlan 535 · 15,739 lives · Vision | 1.9% | med 2.2% | Within peer range |
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 533 · 7,942 lives · Life, Other (VOLUNTARY AD&D) | 2.2% | med 13.0% | Below peer range |
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 531 · 7,942 lives · Life, Other (VOLUNTARY AD&D) | 2.2% | med 13.0% | Below peer range |
| Voluntary / worksite ($0 premium) | Securian Life InsurancePlan 541 · 7,942 lives · Life, Other (VOLUNTARY AD&D) | 2.2% | med 13.0% | Below peer range |
How the peer group for each line was built
- Voluntary / worksite: n=50 contracts, Northeast, 10001-50000 covered lives
- Vision: n=50 contracts, Northeast, 10001-50000 covered lives
- Voluntary / worksite: n=181 contracts, Northeast, 2501-10000 covered lives
n = the number of peer contracts in that comparison group.
Everything in this table is from the 2024 filing. These 8 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.
Who funds this. Voluntary / worksite premium is typically paid by employees through payroll deduction, so commission on those lines comes out of employee money rather than company money.
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 539PUBLIC SERVICE ENTERPRISE GROUP INC. POSTRETIREMENT SUPPL HEALTH BENEFIT PLAN11K participants (2024)HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 537EMPLOYEE ASSISTANCE PROGRAM OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED10K participants (2024)OtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 541PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED BENEFITS 2000 BENEFITS PLAN FOR NON-REPRESENTED EMPLOYEES3.3K participants (2024)HealthDentalLife insuranceShort-term disabilityApprenticeship / trainingOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 535PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED SELECTLINE BENEFITS PLAN342 participants (2024)HealthLife insuranceShort-term disabilityApprenticeship / trainingOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 531GROUP TERM LIFE INSURANCE PLAN FOR NON-REPRESENTED EMPLOYEES OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED322 participants (2024)DentalOtherFully insured · 4 years on file
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PN 536PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED MEDICAL BENEFITS PLAN FOR RETIRED EMPLOYEES0 participants (2024)HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file
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PN 533GROUP TERM LIFE INSURANCE PLAN FOR RETIRED EMPLOYEES OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED0 participants (2024)DentalOtherFully insured · 4 years on file
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PN 546PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED DENTAL BENEFITS PLAN FOR RETIRED EMPLOYEES0 participants (2024)Life insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 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 (Other, similar size), from public Form 5500 filings. Open one to see what it pays its broker.
- EVERSOURCE ENERGY SERVICE COMPANYConnecticutCompensation disclosed →
- CRASH CHAMPIONS HOLDINGS, LLCIllinoisCompensation disclosed →
- PIKE ENTERPRISES, LLCNorth CarolinaCompensation disclosed →
- GORDON FOOD SERVICE, INC. VOLUNTARY EMPLOYEE BENEFIT PLANMichiganCompensation disclosed →
- INTUIT INC.CaliforniaCompensation disclosed →
Browse more: New Jersey employer health plans · Other plans in New Jersey · all states
Sourced from Form 5500 filings as submitted to the U.S. Department of Labor. Most recent plan year on file: 2024. 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.