Welfare broker

MAGNET INSURANCE

Mailing address (most recent filing)

270 SYLVAN AVE SUITE 2260

ENGLEWOOD CLIFFS, NJ 07632

Total comp: $76K
Commissions: $76K
Fees: $0
Filings: 2
Sponsors: 2

Carrier mix

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

GERBER LIFE INSURANCE COMPANY100.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
GERBER LIFE INSURANCE COMPANY	2	$738K	100.0%

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
NY	1	$260K	0.0%	9.91x
FL	1	$478K	0.0%	12.70x

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 MAGNET INSURANCE's plans by broker comp / premium ratio. Median 10.99% vs welfare-wide median 6.29% (n=2).

Prospect-flag exposure · vs market baseline

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

1-2 of 2 sponsors where MAGNET INSURANCE is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
VENTURA SERVICES - FLORIDA, LLC DIAMOND HEALTH BENEFIT TRUST	FL	$478K	$50K	GERBER LIFE
VENTURA SERVICES, LLC AMERICAN HEALTH BENEFIT TRUST	NY	$260K	$30K	GERBER LIFE