Modi Financial
Mailing address (most recent filing)
21500 HAGGERTY ROAD, SUITE 140
NORTHVILLE, MI 48167
- Total comp
- $852K
- Commissions
- $603K
- Fees
- $249K
- Filings
- 8
- Sponsors
- 8
Modi Financial summary
Modi Financial appears as a broker on 8 Form 5500 Schedule A filings for 8 employer sponsors. Insurers reported $852K in commissions and fees paid to Modi Financial. Most client plans are sponsored in MI. The most common carriers in the book are Unitedhealthcare Insurance Company, Principal Financial Group and Metlife Legal Plans. The largest clients include Optalis Professional Services, LLC, Troy Design & Manufacturing Co. and Detroit Manufacturing Systems, LLC.
- Primary-broker plans
- 4
- Covered premium
- $10.7M
- Market share
- 0.007%
- Of all reported broker comp
Top 4 client plans by premium
Plans where Modi Financial is the primary broker on the latest filing
| Sponsor | State | Premium | Covered |
|---|---|---|---|
| Optalis Professional Services, LLC | MI | $3.3M | 5,365 |
| Troy Design & Manufacturing Co. | MI | $1.5M | 1,357 |
| Detroit Manufacturing Systems, LLC | MI | $1.1M | 1,634 |
| Champion Education Network | MI | $1.0M | 88 |
- MICovered 5,365
- MICovered 1,357
- MICovered 1,634
- MICovered 88
Top client states
- MI4 plans
Frequently asked questions
- Who uses Modi Financial?
- 8 employer sponsors list Modi Financial as a broker on Schedule A of Form 5500. The largest clients include Optalis Professional Services, LLC, Troy Design & Manufacturing Co., Detroit Manufacturing Systems, LLC and Champion Education Network. Most client plans are sponsored in MI.
- How many employer plans does Modi Financial serve?
- Modi Financial appears on 8 Schedule A filings for 8 employer health and benefits plan sponsors.
- How much does Modi Financial earn?
- Insurers reported $852K in total compensation paid to Modi Financial: $603K in commissions and $249K in fees. Schedule A reports what insurers pay brokers, not fees that employers pay directly.
Analytics
See 7 Modi Financial analytics panels with Pro.
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- Carrier mix
- Top carrier partners
- Top states
- Top industries by premium
- Sponsor-size mix
Book of business
1-4 of 4 sponsors where Modi Financial is the primary broker (latest filing per plan).
See 4 client plans with Pro. Pro is free for 7 days and then costs $49 a month.
Pro unlocks:
- Every client plan on this book
- Sponsor and plan names
- Premium and broker pay per plan
- Carrier on each plan