Pennington & Associates Ltd. Employee Benefit Solutions

• Bill Pennington the principal of the firm started his career over thirty years ago as a field underwriter for Pacific Mutual. He gained a thourough understanding of how both employee benefit and pension products were priced and marketed.
• In 1980 Bill started Pennington & Associates because he wanted clients to have a better understanding of how benefits plans were structured and priced.  This way they were better protected in the marketplace and wouldn't be taken advantage of.
• Pennington & Associates has found that self-funded insurance plans allows clients to have a greater say and control over their costs. Programs can be designed and structured according to the needs and objectives of the client not what an insurance company offers off of the shelf. That is why Pennington & Associates is one of the most trusted self-funded health insurance brokers in Maryland.

Our Philosophy

With rates having doubled since 2005 and expected to go up another 9 to 12% this year, many brokers have doubled their income by doing little more than delivering the bad news.  What is your experience since 2005?  As rates have gone through the roof, has the service you've gotten from your broker kept pace with your increasing costs?

With costs going up across the board there may be alternative techniques or vendors you can use to bring costs back in line. Everyone is entitled to know whether or not they are getting the most they can for the dollars they spend. That's why we offer complimentary second opinions.

Remember this a brokers value is a function of his knowledge and service.  Commissions for groups with over 50 employees are negotiable. Our compensation model is structured on a per employee per month basis as opposed to straight commission.  Our model does not unduly reward us for your poor claims experience.

Who We Are

We have been part of the Baltimore Community for over 30 years.    Pennington & Associates is committed to improving the quality of life, and making a positive difference where we live and work. Our support both in time and dollars has been shared with:

• National Academy Foundation in Baltimore City
•  Komen Foundation
• Red Cross
• University of Maryland Center for Infant Study
• University of Delaware

• St. Mary’s College of Maryland

• Cooper Union
• The Innocence Project
• The Salvation Army
• Fire Brigade Pipe and Drum Band
• Loch Raven Pipe and Drum Band
• Towson Recreation Council