Welfare broker

LPL FINANCIAL CORP

Mailing address (most recent filing)

P O BOX 509026

ATTN CLIENT COMPENSATION DEPT

SAN DIEGO, CA 92150

Total comp: $318K
Commissions: $311K
Fees: $6K
Filings: 20
Sponsors: 20

Carrier mix

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

METROPOLITAN LIFE INSURANCE COMPANY50.0%
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY50.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
METROPOLITAN LIFE INSURANCE COMPANY	1	$3.1M	50.0%
THE LINCOLN NATIONAL 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	1	$2.0M	0.0%	8.36x
CA	1	$3.1M	0.0%	6.38x

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 LPL FINANCIAL CORP's plans by broker comp / premium ratio. Median 3.65% vs welfare-wide median 6.29% (n=2).

Prospect-flag exposure · vs market baseline

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

1-2 of 2 sponsors where LPL FINANCIAL CORP is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
WESTERN ASSET MANAGEMENT COMPANY, LLC WESTERN ASSET HEALTH & FRINGE BENEFIT PLAN	CA	$3.1M	$155K	METROPOLITAN LIFE INSURANCE COMPANY
POPULUS FINANCIAL GROUP, INC. POPULUS FINANCIAL GROUP HEALTH AND WELFARE PLAN	TX	$2.0M	$46K	LINCOLN NATIONAL LIFE INSURANCE COMPANY

Carrier

Plans

Premium

METROPOLITAN LIFE INSURANCE COMPANY

$3.1M

50.0%

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

$2.0M

50.0%

State

Plans

Premium

State share

Index

$2.0M

0.0%

8.36x

$3.1M

0.0%

6.38x

Sponsor

Loc

Premium

Comp

Carrier

WESTERN ASSET MANAGEMENT COMPANY, LLC

WESTERN ASSET HEALTH & FRINGE BENEFIT PLAN

$3.1M

$155K

METROPOLITAN LIFE INSURANCE COMPANY

POPULUS FINANCIAL GROUP, INC.

POPULUS FINANCIAL GROUP HEALTH AND WELFARE PLAN

$2.0M

$46K

LINCOLN NATIONAL LIFE INSURANCE COMPANY