COMMERCE BANCSHARES, INC.
EIN 43-0889454 · MO · Insurance / Financial Services
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.
4,675
(latest)
Self-fundedSelf-funded (incl. mixed, stop-loss and level-funded).
Funding
$508,591
Broker pay, employer-paid lines (2024)
$9.07
78th pct vs peers · n=41
Lines disclosed: Life · Long-term disability
Broker pay as a share of insured premium: 10.4% (peer median 7.5%, 74th percentile).
Without the 8 low-disclosure peers, this plan is at the 75th percentile of 33 comparable plans (your plan plus 32 peers).
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.
Stop-loss
6.1%
Peer median 5.8%
Within peer rangeLife
9.6%
Peer median 6.0%
Within peer rangeMedical
16.1%
Peer median 2.6%
Above peer rangeLong-term disability
6.0%
Peer median 4.4%
Within peer rangeDental and Vision are not on this filing as their own contracts, so there is no peer rate to show for them.
Where the $508,591 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
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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 |
|---|---|---|---|---|
| Stop-loss | Reliastar Life Insurance Company | 6.1% | med 5.8% | Within peer range |
| Life | Securian Life Insurance Company | 9.6% | med 6.0% | Within peer range |
| Medical · contract 0212580 | Metropolitan Life Insurance CompanyPlan 515 · 1,734 lives · Health | 16.1% | med 2.6% | Above peer range |
| Long-term disability | Prudential Insurance Company of America | 6.0% | med 4.4% | Within peer range |
| Medical · contract 0217472 | Metropolitan Life Insurance CompanyPlan 515 · 1,030 lives · Health | 18.2% | med 2.6% | Above peer range |
| Medical · contract 0212581 | Metropolitan Life Insurance CompanyPlan 515 · 2,353 lives · Health | 17.4% | med 2.6% | Above peer range |
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 |
|---|---|---|---|
| Other benefitLONG TERM CARE | Unum Life Insurance Company of AmericaPlan 515 | 14.2% | No comparable line |
| Other benefitBUSINESS TRAVEL ACCIDENT | Hartford Fire Insurance CompanyPlan 515 | 16.5% | No comparable line |
How the peer group for each line was built
- Stop-loss: n=50 contracts, Midwest, 2501-10000 covered lives
- Life: n=383 contracts, Midwest, 2501-10000 covered lives
- Medical: n=736 contracts, Midwest, 501-2500 covered lives
- Long-term disability: n=166 contracts, Midwest, 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 contracts with no premium reported or on Schedule C service-provider fees, which carry no contract rate.
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.
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 515COMMERCE BANCSHARES, INC HEALTH AND WELFARE WRAP PLAN4.7K participants (2024)HealthDentalLife insuranceShort-term disabilityApprenticeship / trainingSeveranceOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 513COMMERCE BANCSHARES, INC. VOLUNTARY VISION PLAN0 participants (2022)Short-term disabilityFully insured · 2 years on file
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PN 508COMMERCE BANCSHARES, INC. GROUP DENTAL PLAN0 participants (2022)Life insuranceSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 504COMMERCE BANCSHARES, INC. GROUP LIFE PLAN0 participants (2022)DentalFully insured · 2 years on file
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PN 511COMMERCE BANCSHARES, INC. LONG TERM CARE INSURANCE PLAN0 participants (2022)OtherFully insured · 2 years on file
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PN 514COMMERCE BANCSHARES, INC. VOLUNTARY BENEFIT PLAN0 participants (2022)HealthFully insured · 2 years on file
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PN 510COMMERCE BANCSHARES, INC. EMPLOYEE ASSISTANCE PLAN0 participants (2022)OtherFully insured · 2 years on file
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PN 505COMMERCE BANCSHARES, INC. EMPLOYEE HEALTH BENEFITS PLAN0 participants (2022)HealthOtherSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 years on file
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PN 509COMMERCE BANCSHARES, INC. FLEXIBLE BENEFIT PLAN0 participants (2022)HealthSelf-fundedSelf-funded (incl. mixed, stop-loss and level-funded). · 2 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.
- AMTRUST FINANCIAL SERVICES, INC.OhioCompensation disclosed →
- BOARD OF TRUSTEES, WASHINGTON TECHNOLOGY INDUSTRYWashingtonCompensation disclosed →
- COREBRIDGE FINANCIAL, INCTexasCompensation disclosed →
- LOANDEPOT. COM, LLCCaliforniaCompensation disclosed →
- DEEL PEO, LLCCaliforniaCompensation disclosed →
Browse more: Missouri employer health plans · Insurance / Financial Services plans in Missouri · 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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