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

Shepherd Insurance LLC

Carmel, IN

Shepherd Insurance LLC collected $2.2M in commissions and fees from 49 employer health plans in plan year 2024 filings, ranking #225 among 12,126 brokers named in the public record. Most of its named clients are in Indiana.

Commissions + fees
$2.2M
$2.0M commissions · $184,016 fees
Employer plans
49
119 contracts
Rank
#225
top 2% 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
Industrial Manufacturing and Professional Commercial Trust · Kentucky$343,8534,044
TC Heartland LLC · Indiana$210,395949
First Merchants Corporation · Indiana$146,2221,843
Epika Fleet Services, Inc. · Tennessee$130,183291
Shepherd Insurance · Kentucky$115,194697
John Jones Chevrolet Buick Cadillac of Salem, Inc. · Indiana$100,033239
Walor North America · Ohio$88,051290
Martin & Bayley, Inc. · Illinois$80,692900
Vernet US Corporation · Indiana$78,283195
Cornerstone Builders of SWFL, Inc. · Florida$63,206214
Indiana Legal Services, Inc. · Indiana$60,993149
Howard Companies LLC · Indiana$60,371318
Shepherd Insurance, LLC · Indiana$58,219397
Merrell Bros., Inc. · Indiana$53,370160
Eckart, LLC · Indiana$52,009326
Jagoe Homes · Kentucky$43,800125
Forte Sports Medicine and Orthopedics dba Methodist Sports Medicine Ce · Indiana$42,506234
Fred Smith Store Fixtures, Inc. · Indiana$42,393125
Unity Healthcare, LLC · Indiana$39,098359
Selectransportation Resources, L.L.C. · Texas$38,420397
Options Schools, Inc. · Indiana$30,566116
Retirement Living, Inc. · Indiana$27,299192
Sarkes Tarzian Inc · Indiana$24,346194
Gemco Constructors · Indiana$23,146103
Ivan Ware & Son, Inc. · Kentucky$22,768207

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.

32 plans
10 plans
2 plans
1 plans
1 plans
1 plans
1 plans
1 plans

How much does Shepherd Insurance LLC earn from employer health plans?

In plan year 2024 filings, employers reported paying Shepherd Insurance LLC $2,207,886: $2,023,870 in commissions and $184,016 in fees, across 119 insurance contracts at 49 employers. That ranks #225 of 12,126 brokers in the public record.

What commission rate is paid on plans Shepherd Insurance LLC brokers?

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

Which employers use Shepherd Insurance LLC?

The largest reported payers in 2024 were Industrial Manufacturing and Professional Commercial Trust, TC Heartland LLC, First Merchants Corporation. Indiana is its biggest state by employer count (32 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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A WellthCare benefits specialist reads your Form 5500 the way a fiduciary reviewer would and writes up what to take to your broker before renewal. Free, from the public record only.