Welfare broker

APEX FINANCIAL SERVICES

Mailing address (most recent filing)

27950 ORCHARD LAKE ROAD #111

FARMINGTON HILLS, MI 18334

Total comp: $177K
Commissions: $107K
Fees: $70K
Filings: 7
Sponsors: 7

Carrier mix

Where APEX FINANCIAL SERVICES places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

UNITEDHEALTHCARE INSURANCE COMPANY66.7%
UNITED HEALTHCARE INSURNACE COMPANY33.3%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
UNITEDHEALTHCARE INSURANCE COMPANY	2	$2.1M	66.7%
UNITED HEALTHCARE INSURNACE COMPANY	1	$61K	33.3%

Top states · with penetration index

Plan count by state. Index > 1.0means over-indexed vs the broker's national share.

State	Plans	Premium	State share	Index
MI	3	$2.1M	0.1%	41.16x

Top industries by premium

NAICS-2 sectors where this broker places the most welfare premium.

Sponsor-size mix

Plan count by total participants. Reveals whether this broker is a mid-market player or jumbo-employer specialist.

Broker compensation as % of premium

Distribution of APEX FINANCIAL SERVICES's plans by broker comp / premium ratio. Median 7.68% vs welfare-wide median 6.29% (n=3).

Prospect-flag exposure · vs market baseline

Share of APEX FINANCIAL SERVICES's book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-3 of 3 sponsors where APEX FINANCIAL SERVICES is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
MILLENNIUM SOFTWARE, INC. MILLENNIUM SOFTWARE HEALTHCARE PLAN	MI	$1.7M	$66K	UNITED HEALTHCARE INSURANCE CO
SKY BIRD TRAVEL & TOURS, INC. SKY BIRD TRAVEL & TOURS, INC. WELFARE BENEFIT PLAN	MI	$61K	$29K	UNITED HEALTHCARE INSURNACE COMPANY
KYYBA INC KYYBA INC. HEALTH AND WELFARE PLAN	MI	$337K	$26K	UNITED HEALTH CARE INSURANCE COMPANY

Carrier

Plans

Premium

UNITEDHEALTHCARE INSURANCE COMPANY

$2.1M

66.7%

UNITED HEALTHCARE INSURNACE COMPANY

$61K

33.3%

State

Plans

Premium

State share

Index

$2.1M

0.1%

41.16x

Sponsor

Loc

Premium

Comp

Carrier

MILLENNIUM SOFTWARE, INC.

MILLENNIUM SOFTWARE HEALTHCARE PLAN

$1.7M

$66K

UNITED HEALTHCARE INSURANCE CO

SKY BIRD TRAVEL & TOURS, INC.

SKY BIRD TRAVEL & TOURS, INC. WELFARE BENEFIT PLAN

$61K

$29K

UNITED HEALTHCARE INSURNACE COMPANY

KYYBA INC

KYYBA INC. HEALTH AND WELFARE PLAN

$337K

$26K

UNITED HEALTH CARE INSURANCE COMPANY