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

Summit Financial Group Inc

Dallas, TX

Summit Financial Group Inc collected $1.7M in commissions and fees from 36 employer health plans in plan year 2024 filings, ranking #276 among 12,126 brokers named in the public record. Most of its named clients are in Oklahoma.

Commissions + fees
$1.7M
$1.4M commissions · $344,224 fees
Employer plans
36
98 contracts
Rank
#276
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
Abel HR, Inc. · New Jersey$221,3146,671
Kirby-Smith Machinery · Oklahoma$193,308715
Goodwill Industries of Tulsa, Inc. · Oklahoma$105,224439
Integrated Services Company, LLC · Oklahoma$93,552350
Maccor Inc. · Oklahoma$90,495159
Oral Roberts University · Oklahoma$89,123594
Pacesetter Claims Service, Inc. · Oklahoma$86,005258
Da/Pro Rubber Inc. · Oklahoma$85,587352
Gateway First Bank · Oklahoma$81,399679
Phillips Murrah P.C. · Oklahoma$77,391102
J.M. Huber Corporation · Georgia$76,046212
Ironhorse Financial Group · Oklahoma$74,856407
Nelson Auto Group, LLC · Oklahoma$74,782387
Mercer Valve Co., Inc. · Oklahoma$59,830252
Imperial LLC · Oklahoma$58,985543
Olympia Street, LLC · Oklahoma$49,086394
Cummins Construction Co., Inc. · Oklahoma$39,969134
Ayers Saint Gross, Inc. · Maryland$25,600193
Magotteaux, Inc. · Tennessee$22,671199
McAfee & Taft a Professional Corporation · Oklahoma$19,036286
Conner & Winters, LLP · Oklahoma$17,186135
CN Enterprises · Oklahoma$15,6691,488
A G Equipment Company · Oklahoma$13,279421
Bios Companies Inc. · Oklahoma$12,233381
Pelco Products, Inc. · Oklahoma$11,963152

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.

27 plans
3 plans
1 plans
1 plans
1 plans
1 plans
1 plans
1 plans

How much does Summit Financial Group Inc earn from employer health plans?

In plan year 2024 filings, employers reported paying Summit Financial Group Inc $1,727,545: $1,383,321 in commissions and $344,224 in fees, across 98 insurance contracts at 36 employers. That ranks #276 of 12,126 brokers in the public record.

What commission rate is paid on plans Summit Financial Group Inc brokers?

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

Which employers use Summit Financial Group Inc?

The largest reported payers in 2024 were Abel HR, Inc., Kirby-Smith Machinery, Goodwill Industries of Tulsa, Inc.. Oklahoma is its biggest state by employer count (27 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.