MARSH & MCLENNAN COMPANIES, INC.

EIN 36-2668272 · NY · Insurance / Financial Services

Compensation disclosed5 brokers of record, 2021–2024As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Employer-paid broker pay2024 · analysis: $1,437,4602023: $1,406,4982022: $1,492,2662021: $1,383,832

Benchmarked against: Insurance / Financial Services · 10,001–50,000 employees · same industry, in-state · n=10 employers (your plan plus 9 peers)

18,834

(latest)

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

Funding

$1,437,460

Broker pay, employer-paid lines (2024)

$6.36

The highest disclosed broker pay among 10 comparable plans (your plan plus 9 peers)

Lines disclosed: Vision · Life · Long-term disability

Broker pay as a share of insured premium: 6.9% (peer median 3.2%, the highest disclosed broker pay among 9 comparable plans (your plan plus 8 peers)).

Without the 1 low-disclosure peer, this plan is the highest disclosed broker pay among 9 comparable plans (your plan plus 8 peers).

Employer-paid $1,437,460 benchmarked for 2024 · Voluntary $39,043 shown separately, compared by rate only

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.

Life

8.2%

Peer median 5.9%

Within peer range

Medical

1.0%

Peer median 3.6%

Below peer range

Vision

10.0%

Peer median 2.2%

Above peer range

Long-term disability

5.7%

Peer median 7.0%

Within peer range

Voluntary / worksite

6.3%

Peer median 13.0%

Below peer range

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.

Dental is not on this filing as its own contract, so there is no peer rate to show for it.

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

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Where the $1,476,503 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)

HealthDentalLife insuranceApprenticeship / trainingOtherShort-term disabilityUnemploymentSeverance

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:

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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.

Benefit line	Contract	Rate	vs. peers	Position
Life · contract 0158586	Metropolitan Life Insurance CompanyPlan 501 · 7,299 lives · Life	8.2%	med 5.9%	Within peer range
Medical · contract VARIOUS	Kaiser Foundation Health Plans Inc.	1.0%	med 3.6%	Below peer range
Vision	Vision Service Plan	10.0%	med 2.2%	Above peer range
Life · contract 1098400	Metropolitan Life Insurance CompanyPlan 501 · 2,607 lives · Life	0.4%	med 5.9%	No commission on this contract
Long-term disability · contract 204034G	Hartford Life and Accident	5.7%	med 7.0%	Within peer range
Long-term disability · contract PAI0009131403	National Union Fire Ins. Co. of Pittsburgh, PA	15.0%	med 4.5%	Above peer range
Voluntary / worksitefiled as “Other (LEGAL)”	MetLife Legal Plans, Inc.	6.3%	med 13.0%	Below peer range
Medical · contract 23042	Kaiser Foundation Health Plan of the Mid-Atlantic	0.9%	med 3.7%	Below peer range
Medical · contract 1909300	Kaiser Foundation Health Plan of Washington	1.1%	med 3.7%	Below peer range
Life · contract MTA0009160537	National Union Fire Ins. Co. of Pittsburgh, PA	20.0%	med 4.4%	Above peer range
Medical · contract 10165	Kaiser Foundation Health Plan of Georgia	1.2%	med 3.7%	Below peer range
Medical · contract 35660	Kaiser Foundation Health Plan of Colorado	1.2%	med 3.7%	Below peer range
Long-term disability · contract 0000162586	Provident Life and Casualty Insurance Company	14.4%	med 15.6%	Within peer range
Medical · contract 19847	Kaiser Foundation Health Plan of the Northwest	1.2%	med 3.7%	Below peer range

2 contracts under $10,000 in premium — listed for completeness, not compared to peers. Show

Life — National Union Fire Ins. of Pittsburgh, PA — Premium under $10,000 is too small to compare
Long-term disability — Provident Life and Accident Insurance Company — Premium under $10,000 is too small to compare

How the peer group for each line was built

Life: n=408 contracts, Northeast, 2501-10000 covered lives
Medical: n=2,850 contracts, Northeast, 101-500 covered lives
Vision: n=50 contracts, Northeast, 10001-50000 covered lives
Long-term disability: n=533 contracts, Northeast, 501-2500 covered lives
Long-term disability: n=178 contracts, Northeast, 2501-10000 covered lives
Voluntary / worksite: n=181 contracts, Northeast, 2501-10000 covered lives
Medical: n=1,768 contracts, Northeast, 1-100 covered lives
Life: n=214 contracts, Northeast, 10001-50000 covered lives
Long-term disability: n=496 contracts, Northeast, 1-100 covered lives

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

Everything in this table is from the 2024 filing. These 16 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. 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 501MARSH & MCLENNAN COMPANIES, INC. HEALTH & WELFARE BENEFITS PROGRAM19K participants (2024)

HealthDentalLife insuranceApprenticeship / trainingOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file

Loading contracts…

PN 503MARSH & MCLENNAN COMPANIES, INC. GROUP BENEFITS PLAN19K participants (2024)

HealthDentalShort-term disabilityUnemploymentSeveranceApprenticeship / trainingOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file

Loading contracts…

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 file4

Lead broker continuitySame primary broker

Broker setup5 brokers across benefit lines

Most

Peer benchmarkInsurance / Financial Servicesn=10 · state peers

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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. 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.

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