Welfare broker

BURNHAM FINANCIAL SERVICES, LLC

Mailing address (most recent filing)

2038 SARANAC AVENUE

LAKE PLACID, NY 12946

Total comp: $1.2M
Commissions: $1.2M
Fees: $0
Filings: 12
Sponsors: 12

Carrier mix

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

BLUE CROSS OF CALIFORNIA42.9%
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA28.6%
CIGNA HEALTH AND LIFE INSURANCE COMPANY14.3%
ANTHEM LIFE INSURANCE COMPANY14.3%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
BLUE CROSS OF CALIFORNIA	3	$6.3M	42.9%
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA	2	$6.3M	28.6%
CIGNA HEALTH AND LIFE INSURANCE COMPANY	1	$1.9M	14.3%
ANTHEM LIFE INSURANCE COMPANY	1	$1.4M	14.3%

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
NY	4	$7.7M	0.1%	11.33x
AZ	3	$8.2M	0.2%	36.82x

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 BURNHAM FINANCIAL SERVICES, LLC's plans by broker comp / premium ratio. Median 4.61% vs welfare-wide median 6.29% (n=7).

Prospect-flag exposure · vs market baseline

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

1-7 of 7 sponsors where BURNHAM FINANCIAL SERVICES, LLC is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
LIBERTY UTILITIES CO. LIBERTY UTILITIES HEALTH AND WELFARE BENEFIT PLAN FOR ACTIVES	AZ	$6.1M	$1.2M	THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
LIBERTY UTILITIES CO. LIBERTY UTILITIES HEALTH AND WELFARE BENEFIT PLAN FOR RETIREES	AZ	$1.9M	$114K	EXPRESS SCRIPTS, INC.
EMPIRE STATE MINES, LLC EMPIRE STATE MINES WELFARE BENEFIT PLAN	NY	$2.5M	$99K	EXCELLUS BLUE CROSS BLUE SHIELD
ECHELON SUPPLY AND SERVICE INC. ECHELON SUPPLY AND SERVICE INC. WELFARE BENEFITS PLAN	NY	$2.1M	$96K	EXCELLUS BLUE CROSS BLUE SHIELD
TELESCOPE CASUAL FURNITURE, INC. TELESCOPE CASUAL FURNITURE INC. WELFARE BENEFIT PLAN	NY	$1.7M	$65K	HIGHMARK WESTERN AND NORTHEASTERN NEW YORK, INC.
GIROUX'S POULTRY FARM INC. GIROUX'S POULTRY FARM INC. WELFARE BENEFIT PLAN	NY	$1.4M	$56K	ANTHEM BLUE CROSS
ALGONQUIN POWER FUND (AMERICA), INC. ALGONQUIN POWER FUND (AMERICA) INC. HEALTH AND WELFARE BENEFIT PLAN FOR ACTIVE EMPLOYEES	AZ	$150K	$40K	THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA