Modi Financial
Modi Financial collected $392,355 in commissions and fees from 6 employer health plans in plan year 2024 filings, ranking #1074 among 12,126 brokers named in the public record. Most of its named clients are in Michigan.
Largest clients
Employers whose filings reported the most compensation to this broker.
| Employer | Paid to broker | Participants |
|---|---|---|
| Detroit Manufacturing Systems, LLC · Michigan | $163,265 | 1,099 |
| Optalis Professional Services, LLC · Michigan | $112,584 | 2,939 |
| Schuler, Inc. · Michigan | $43,150 | 428 |
| Champion Education Network · Michigan | $30,302 | 121 |
| Eftec North America, LLC · Michigan | $21,810 | 202 |
| Troy Design & Manufacturing Co. · Michigan | $21,244 | 734 |
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.
How much does Modi Financial earn from employer health plans?
In plan year 2024 filings, employers reported paying Modi Financial $392,355: $337,419 in commissions and $54,936 in fees, across 11 insurance contracts at 6 employers. That ranks #1074 of 12,126 brokers in the public record.
What commission rate is paid on plans Modi Financial brokers?
Not enough fully insured medical plans name Modi Financial as the sole broker to compute a stable rate. The national median is 3.8% of premium.
Which employers use Modi Financial?
The largest reported payers in 2024 were Detroit Manufacturing Systems, LLC, Optalis Professional Services, LLC, Schuler, Inc.. Michigan is its biggest state by employer count (6 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.