Welfare broker

HENDERSON BROTHERS, INC.

Mailing address (most recent filing)

920 FORT DUQUESNE BLVD.

PITTSBURGH, PA 15222

Carrier mix

Where HENDERSON BROTHERS, INC. places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
BLUE CROSS OF CALIFORNIA	22	$47.9M	28.6%
UPMC HEALTH OPTIONS	12	$25.5M	15.6%
HM LIFE INSURANCE COMPANY	9	$12.9M	11.7%
RELIANCE STANDARD LIFE INSURANCE COMPANY	8	$1.5M	10.4%
METROPOLITAN LIFE INSURANCE COMPANY	8	$7.7M	10.4%
UNITED CONCORDIA INSURANCE COMPANY	5	$1.0M	6.5%
RELIASTAR LIFE INSURANCE COMPANY	4	$2.5M	5.2%
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY	3	$559K	3.9%
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA	3	$3.2M	3.9%
LIFE INSURANCE COMPANY OF NORTH AMERICA	3	$83K	3.9%

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
PA	82	$94.5M	1.7%	19.28x
FL	10	$6.6M	0.2%	2.49x
WV	4	$4.7M	1.0%	10.84x
OH	2	$2.8M	0.0%	0.15x
VA	1	$2.9M	0.0%	0.45x
TX	1	$4.1M	0.0%	0.16x
NC	1	$973K	0.0%	0.47x
GA	1	$3.1M	0.0%	0.15x

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 HENDERSON BROTHERS, INC.'s plans by broker comp / premium ratio. Median 4.67% vs welfare-wide median 6.29% (n=102).

Prospect-flag exposure · vs market baseline

Share of HENDERSON BROTHERS, INC.'s book where each ERISA welfare flag is tripped, alongside the market-wide rate.

101-102 of 102 sponsors where HENDERSON BROTHERS, INC. is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
AGR INTERNATIONAL, INC. AGR INTERNATIONAL, INC. TRAVEL ACCIDENT INSURANCE PLAN	PA	$2K	$328	FEDERAL INSURANCE COMPANY
JUDCO MANAGEMENT, INC. ARMSTRONG GROUP EMPLOYEES' BENEFIT PLAN	PA	$2.1M	$30	METROPOLITAN LIFE INSURANCE COMPANY