Independent Ranking Reveals Top US Benefits Brokers by Disclosed Compensation
What happened
An independent analysis of US benefits brokers, based on disclosed compensation from Form 5500 filings, ranked the top firms. Gallagher Benefit Services led the ranking with $2.96 billion in disclosed compensation. Mercer Health and Benefits followed at $2.84 billion, and Lockton Companies ranked third with $2.76 billion. Marsh McLennan Agency was fourth with $2.23 billion.
Why it matters
The ranking provides the first independently verified measure of compensation for American benefits brokers over a ten-year period. This competition for market share among major firms like Mercer and Lockton Companies is a key factor in the benefits brokerage sector.
Who's involved
- Marsh McLennan AgencyCompetes for market share in the benefits brokerage sector
- MercerCompetes for market share in the benefits brokerage sector
- Lockton CompaniesCompetes for market share in the benefits brokerage sector
- Marsh & McLennan CompaniesParent company whose revenue includes Mercer's services
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Marsh McLennan AgencySpeculative
Marsh McLennan Agency might see its core revenue affected by competition for benefits brokerage market share.
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The entities involved
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Marsh McLennan Agency
insurance company
Nothing else this week.
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Mercer
American global human resource and related financial services consulting firm
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Lockton Companies
privately held insurance brokerage firm
Nothing else this week.