BenefitsLedger
Benefits broker · Plan year 2024 · Form 5500 Schedule A

Flagship Insurance Services Inc

Winsted, MN

Flagship Insurance Services Inc collected $87,970 in commissions and fees from 4 employer health plans in plan year 2024 filings, ranking #3715 among 12,126 brokers named in the public record. Most of its named clients are in Minnesota.

Commissions + fees
$87,970
$79,570 commissions · $8,400 fees
Employer plans
4
13 contracts
Rank
#3715
top 31% of 12,126 brokers
Median rate
n/a
fewer than 10 insured medical plans

Largest clients

Employers whose filings reported the most compensation to this broker.

EmployerPaid to brokerParticipants
Forklifts of Minnesota Inc · Minnesota$39,147134
Flagship Financial Group, Inc. · Minnesota$30,805150
Design Electric, Inc. · Minnesota$17,546121
The Sierra Company, LLC dba Fenix Group · Minnesota$472124

Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.

Where its clients are

Employer plans naming this broker, by employer state.

4 plans

How much does Flagship Insurance Services Inc earn from employer health plans?

In plan year 2024 filings, employers reported paying Flagship Insurance Services Inc $87,970: $79,570 in commissions and $8,400 in fees, across 13 insurance contracts at 4 employers. That ranks #3715 of 12,126 brokers in the public record.

What commission rate is paid on plans Flagship Insurance Services Inc brokers?

Not enough fully insured medical plans name Flagship Insurance Services Inc as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Flagship Insurance Services Inc?

The largest reported payers in 2024 were Forklifts of Minnesota Inc, Flagship Financial Group, Inc., Design Electric, Inc.. Minnesota is its biggest state by employer count (4 plans).

Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.

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