Welfare broker

GBS SPECIALTY MARKETS, LLC

Mailing address (most recent filing)

2850 GOLF ROAD

ROLLING MEADOWS, IL 60008

Total comp: $3.4M
Commissions: $3.2M
Fees: $217K
Filings: 11
Sponsors: 11

Carrier mix

Where GBS SPECIALTY MARKETS, LLC places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

UNITEDHEALTHCARE INSURANCE COMPANY50.0%
RELIANCE STANDARD LIFE INSURANCE COMPANY50.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
UNITEDHEALTHCARE INSURANCE COMPANY	1	$3.4M	50.0%
RELIANCE STANDARD LIFE INSURANCE COMPANY	1	$2.0M	50.0%

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
TX	2	$5.4M	0.0%	16.72x

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 GBS SPECIALTY MARKETS, LLC's plans by broker comp / premium ratio. Median 4.84% vs welfare-wide median 6.29% (n=2).

Prospect-flag exposure · vs market baseline

Share of GBS SPECIALTY MARKETS, LLC's book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-2 of 2 sponsors where GBS SPECIALTY MARKETS, LLC is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
ALAMO GROUP USA, INC. ALAMO GROUP HEALTH & WELFARE PLAN	TX	$2.0M	$175K	RELIANCE STANDARD LIFE INSURANCE COMPANY
HALLMARK FINANCIAL SERVICES, INC. HALLMARK FINANCIAL SERVICES, INC. EMPLOYEE WELFARE BENEFIT PLAN	TX	$3.4M	$27K	UNITEDHEALTHCARE INSURANCE COMPANY

Carrier

Plans

Premium

UNITEDHEALTHCARE INSURANCE COMPANY

$3.4M

50.0%

RELIANCE STANDARD LIFE INSURANCE COMPANY

$2.0M

50.0%

State

Plans

Premium

State share

Index

$5.4M

0.0%

16.72x

Sponsor

Loc

Premium

Comp

Carrier

ALAMO GROUP USA, INC.

ALAMO GROUP HEALTH & WELFARE PLAN

$2.0M

$175K

RELIANCE STANDARD LIFE INSURANCE COMPANY

HALLMARK FINANCIAL SERVICES, INC.

HALLMARK FINANCIAL SERVICES, INC. EMPLOYEE WELFARE BENEFIT PLAN

$3.4M

$27K

UNITEDHEALTHCARE INSURANCE COMPANY