Welfare broker

MICHAEL HERMAN

Mailing address (most recent filing)

P.O. BOX 62889

VIRGINIA BEACH, VA 23466

Total comp: $104K
Commissions: $0
Fees: $104K
Filings: 1
Sponsors: 1

Carrier mix

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

HEALTH PARTNERS100.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
HEALTH PARTNERS	1	$3.1M	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
MN	1	$3.1M	0.0%	50.15x

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 MICHAEL HERMAN's plans by broker comp / premium ratio. Median 4.65% vs welfare-wide median 6.29% (n=1).

Prospect-flag exposure · vs market baseline

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

1-1 of 1 sponsor where MICHAEL HERMAN is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
VIKING DRILL & TOOL WELFARE BENEFIT PLAN VIKING DRILL & TOOL INC. WELFARE BENEFIT PLAN	MN	$3.1M	$146K	HEALTH PARTNERS INSURANCE CO.