NORTHWESTERN MUTUAL LIFE INS.CO.

EIN 39-0509570 · WI · Insurance / Financial Services

Compensation disclosed7 brokers of record, 2021–2025As reported on Form 5500 (Schedules A and C), U.S. Department of Labor.

Employer-paid broker pay2025: Not reported2024 · analysis: $380,0372023: $1,888,8592022: $2,039,3372021: $2,373,680

Benchmarked against: Insurance / Financial Services · 2,501–10,000 employees · same industry, regional · n=41 employers (your plan plus 40 peers)

Your exact in-state peer group was below the 10-plan minimum, so the comparison broadens to same industry, regional within Insurance / Financial Services.

8,297

(2024)

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

Funding

$380,037

Broker pay, employer-paid lines (2024)

$3.82

2024 · 35th pct vs peers · n=41

Lines disclosed: Life · Low disclosure

Broker pay as a share of insured premium: 12.5% (peer median 7.5%, 85th percentile).

Without the 7 low-disclosure peers, this plan is at the 24th percentile of 34 comparable plans (your plan plus 33 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. Only a smaller plan has filed for 2025 so far. The main plan's filing is not in yet, so that year cannot carry the comparison. Rows for 2025 stay in the broker history and stay out of the headline and the peer comparison.

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
A committee-ready PDF: full broker breakdown, renewal question set, and disclosure-request letter included

Your full $199 applies toward Renewal Readiness if you upgrade within 60 days.

One-time purchase · 12 months of live access · PDF yours to keep · See a sample report

Researching several companies? Insight Pass — $299 per seat

Broker Compensation Benchmark Report

Peer distributions · dollar quantification · 3-year trajectory · modeled alternatives

SAMPLE

Where the $380,037 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.

Or, if this is your company, share your plan basics to unlock your company’s full detail — the dated report PDF stays a separate purchase.

Benefits covered (latest filing)

Dental

From the Form 5500 welfare benefit codes — the authoritative list of what the plan covers.

Disclosure opacity

What this filing doesn't show

This filing discloses no compensation on a health or stop-loss contract for 2025 — 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

Year:

The 2025 filings on file so far are from smaller plans; the main plan has not filed 2025 yet. 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.

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 503NML GROUP TRAVEL ACCIDENT PLAN8.4K participants (2024)

SeveranceOtherFully insured · 4 years on file

Loading contracts…

PN 526THE NORTHWESTERN MUTUAL EMPLOYEE FLEXIBLE BENEFIT PLAN8.3K participants (2024)

HealthLife insuranceShort-term disabilitySelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file

Loading contracts…

PN 501NML GROUP LIFE INSURANCE PLAN8K participants (2024)

DentalFully insured · 4 years on file

Loading contracts…

PN 517NML INS CO AGENTS GROUP LIFE INS PLAN7.4K participants (2025)

DentalFully insured · 5 years on file

Loading contracts…

PN 516NORTHWESTERN MUTUAL HEALTH CARE BENEFITS PLAN FOR RETIREES2.3K participants (2024)

OtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file

Loading contracts…

PN 515NML INS CO AGENTS FLEXIBLE BENEFIT PLAN892 participants (2024)

HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 4 years on file

Loading contracts…

PN 531THE NML LIFE INSURANCE PLAN FOR OFFICERS291 participants (2024)

DentalFully insured · 4 years on file

Loading contracts…

PN 532NML RETIRED AGENTS MEDICAL PLAN0 participants (2021)

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

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 continuityFiled brokername changed

Broker setup4 brokers in 20247 across all years

Some

Peer benchmarkInsurance / Financial Servicesn=41 · regional peers

Is this your company?

The Broker Compensation Benchmark Report is the dated, sourced PDF for your fiduciary file — line-item breakdown, interpretation, methodology, and 12 months of live access. Unbrokered does not provide legal advice.

Or share your plan basics to unlock your company’s full detail — the report PDF itself is a separate purchase.

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: Wisconsin employer health plans · Insurance / Financial Services plans in Wisconsin · 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.

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.