Welfare broker

RAEL & LETSON

Mailing address (most recent filing)

601 UNION ST STE 2415

SEATTLE, WA 98101

Carrier mix

Where RAEL & LETSON 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
KAISER FOUNDATION HEALTH PLAN INC	2	$57.9M	28.6%
SAV-RX	1	$2.1M	14.3%
PRINCIPAL LIFE INSURANCE COMPANY	1	$2.3M	14.3%
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA	1	$117K	14.3%
DELTA DENTAL OF CALIFORNIA	1	$30.4M	14.3%
HEALTH NET	1	$2.2M	14.3%

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
CA	3	$37.0M	0.0%	5.47x
HI	2	$53.6M	0.5%	80.91x
WA	1	$2.3M	0.1%	8.82x
NV	1	$2.1M	0.2%	32.30x

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 RAEL & LETSON's plans by broker comp / premium ratio. Median 0.48% vs welfare-wide median 6.29% (n=4).

Prospect-flag exposure · vs market baseline

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

1-7 of 7 sponsors where RAEL & LETSON is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
BOARD OF TRUSTEES, NORTHWEST CARPENTERS HEALTH AND SECURITY PLAN NORTHWEST CARPENTERS HEALTH AND SECURITY PLAN	CA	$30.4M	$20K	DELTA DENTAL
UNION ROOFERS HEALTH & WELFARE FUND UNION ROOFERS HEALTH & WELFARE FUND	CA	$2.2M	$19K	HEALTH NET
UNITE HERE LOCAL 5 UNITE HERE LOCAL 5	HI	$117K	$5K	PACIFIC GUARDIAN LIFE INSURANCE COMPANY, LTD.
BOARD OF TRUSTEES, WASHINGTON TEAMSTERS WELFARE TRUST WASHINGTON TEAMSTERS WELFARE TRUST	WA	$2.3M	$2K	PRINCIPAL LIFE INSURANCE CO.
AFL HOTEL & RESTAURANT WORKERS HEALTH & WELFARE PLAN AFL HOTEL & RESTAURANT WORKERS HEALTH & WELFARE PLAN	HI	$53.5M	$0	KAISER FOUNDATION HEALTH PLAN, INC
THE BOARD OF TRUSTEES FOR LABOR LABOR MANAGEMENT UNIVERSAL HEALTH BENEFITS TRUST	CA	$4.4M	$0	KAISER FOUNDATION HEALTH PLAN
BRICKLAYERS & ALLIED CRAFTWORKERS LOCAL 13 HEALTH BENEFITS FUND BRICKLAYERS AND ALLIED CRAFTWORKERS LOCAL 13 HEALTH BENEFITS FUND	NV	$2.1M	$0	SAV-RX