Welfare broker

WITS FINANCIAL, LLC

Mailing address (most recent filing)

1153 16TH AVENUE SE

MINNEAPOLIS, MN 55414

Total comp: $146K
Commissions: $146K
Fees: $0
Filings: 6
Sponsors: 6

Carrier mix

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

UNITEDHEALTHCARE INSURANCE COMPANY75.0%
RELIANCE STANDARD LIFE INSURANCE COMPANY25.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
UNITEDHEALTHCARE INSURANCE COMPANY	3	$2.2M	75.0%
RELIANCE STANDARD LIFE INSURANCE COMPANY	1	$142K	25.0%

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	4	$2.3M	0.2%	50.27x

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 WITS FINANCIAL, LLC's plans by broker comp / premium ratio. Median 8.03% vs welfare-wide median 6.31% (n=4).

Prospect-flag exposure · vs market baseline

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

1-4 of 4 sponsors where WITS FINANCIAL, LLC is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
PREMIUM PLANT SERVICES, INC. PREMIUM PLANT SERVICES, INC.	MN	$1.0M	$41K	UNITEDHEALTHCARE INSURANCE COMPANY
PLAISTED COMPANIES, INC. PLAISTED COMPANIES HEALTH & WELFARE PLAN	MN	$1.1M	$30K	UNITEDHEALTHCARE INSURANCE COMPANY
CROW WING COOPERATIVE POWER AND LIGHT COMPANY, CROW WING POWER CROW WING COOPERATIVE POWER & LIGHT CO. HEALTH AND WELFARE PLAN	MN	$142K	$21K	RELIANCE STANDARD LIFE INSURANCE COMPANY
WATER RESOURCES GROUP, INC WATER RESOURCES GROUP HEALTH AND WELFARE PLAN	MN	$36K	$4K	UNITEDHEALTHCARE INSURANCE COMPANY

Carrier

Plans

Premium

UNITEDHEALTHCARE INSURANCE COMPANY

$2.2M

75.0%

RELIANCE STANDARD LIFE INSURANCE COMPANY

$142K

25.0%

State

Plans

Premium

State share

Index

$2.3M

0.2%

50.27x

Sponsor

Loc

Premium

Comp

Carrier

PREMIUM PLANT SERVICES, INC.

$1.0M

$41K

UNITEDHEALTHCARE INSURANCE COMPANY

PLAISTED COMPANIES, INC.

PLAISTED COMPANIES HEALTH & WELFARE PLAN

$1.1M

$30K

UNITEDHEALTHCARE INSURANCE COMPANY

CROW WING COOPERATIVE POWER AND LIGHT COMPANY, CROW WING POWER

CROW WING COOPERATIVE POWER & LIGHT CO. HEALTH AND WELFARE PLAN

$142K

$21K

RELIANCE STANDARD LIFE INSURANCE COMPANY

WATER RESOURCES GROUP, INC

WATER RESOURCES GROUP HEALTH AND WELFARE PLAN

$36K

$4K

UNITEDHEALTHCARE INSURANCE COMPANY