Fishers, Indiana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
21 employers in Fishers, Indiana filed health plans with 100 or more participants for plan year 2024, covering 13,087 participants. They reported $4.0M in insurance premiums and $2.3M in broker commissions and fees. Against 2023, premiums were up 651.0% and broker pay rose 29.3%.
Funding: 2 fully insured · 10 self-funded · 9 mixed. 19 of 21 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Fishers
Fishers employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Irving Materials, Inc. | $3,377,460 | $463,855 | 2,013 | Alliant Insurance Services |
| Deem LLC | $491,303 | $347,372 | 1,038 | Locascio Hadden & Dennis LLC |
| Lockhart Cadillac, Inc. | $49,645 | $10,659 | 107 | Ertel & Company, Inc. |
| Hensley Legal Group PC | $43,248 | $45,782 | 106 | Nefouse & Associates Inc |
| Heart of Cardon, LLC | $0 | $248,673 | 2,134 | Gallagher |
| Ardagh Metal Packaging USA Corp. | $0 | $4,630 | 1,844 | Mercer |
| Stratosphere Quality, LLC | $0 | $240,767 | 1,622 | James R. Nelligan & Associates LLC |
| Round Room Holdings, Inc. | $0 | $272,606 | 1,135 | Feighner Insurance |
| Verista, Inc. | $0 | $24,397 | 402 | Kistler Tiffany Benefits General |
| Mainscape, Inc. | $0 | $80,769 | 371 | Keystone Ins & Benefits Group, LLC |
| Crew Carwash | $0 | $22,413 | 328 | USI Insurance Services |
| Key Family of Companies | $0 | $3,896 | 324 | Key Benefit Aadministrators, Inc |
| Ahepa Affordable Housing Management Company | $0 | $3,902 | 291 | USI Insurance Services |
| First Internet Bank | $0 | $48,956 | 251 | Locascio Hadden & Dennis LLC |
| Formstack | $0 | $46,617 | 183 | Bennie Insurance, LLC |
| Ultra Steak, Inc. | $0 | $82,439 | 173 | — |
| Meyer & Najem, Inc. | $0 | $15,550 | 171 | Centro Benefits Research, LLC |
| Flexware Innovation, LLC | $0 | $111,715 | 170 | American Healthcare Group, Inc. |
| Telix Pharmaceuticals (US), Inc. | $0 | $139,801 | 159 | Gallagher |
| Capitol Construction Services Inc. | $0 | $38,966 | 155 | American Healthcare Group, Inc. |
| 3c LLC | $0 | $12,597 | 110 | USI Insurance Services |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Fishers employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Alliant Insurance Services | $399,266 | 1 |
| Gallagher | $381,240 | 2 |
| Locascio Hadden & Dennis LLC | $367,146 | 2 |
| Feighner Insurance Inc | $179,043 | 1 |
| American Healthcare Group, Inc. | $150,681 | 2 |
| Irving Materials, Inc. | $64,589 | 1 |
| First Person, Inc | $56,338 | 1 |
| USI Insurance Services | $42,179 | 4 |
| Bennie Insurance, LLC | $35,784 | 1 |
| Keystone Ins & Benefits Group LLC | $33,883 | 1 |
Largest medical carriers
Medical premium written for these employers.
Fishers against Indiana and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Fishers | Indiana | United States | |
|---|---|---|---|
| Employer plans | 21 | 1,155 | 58,547 |
| Median commission rate | n/a | 4.9% | 3.8% |
| Middle half of rates | n/a | 3.0% – 8.6% | 2.7% – 5.0% |
| Median broker pay per employer | $46,617 | $48,384 | $72,628 |
| Medical premium per covered person | n/a | n/a | $7,274 |
| Plans reporting no commission | 0 | 6 | 933 |
Year over year. In plan year 2023, 19 Fishers employers reported $527,542 in premiums and $1.8M in broker pay for 11,410 participants; in 2024 it was $4.0M and $2.3M for 13,087 participants (premiums +651.0%, broker pay +29.3%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Fishers employers pay health insurance brokers?
21 Fishers employers reported $2,266,362 in broker commissions and fees on their 2024 Form 5500 filings, 21 of them disclosing at least some compensation. Too few fully insured medical plans in Fishers reported premium to compute a stable commission rate; the Indiana median is 4.9% and the U.S. median is 3.8%. In dollars, the median Fishers employer that disclosed broker pay reported $46,617.
Which Fishers employers have the largest health plans?
By insurance premium reported for 2024, Irving Materials, Inc. ($3.4M), Deem LLC ($491,303), Lockhart Cadillac, Inc. ($49,645) lead. 21 Fishers employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Fishers?
By compensation reported by Fishers employers, the largest brokers are Alliant Insurance Services ($399,266, 1 plans), Gallagher ($381,240, 2 plans), Locascio Hadden & Dennis LLC ($367,146, 2 plans). By medical premium, the largest carriers are Anthem Insurance Companies, Inc., Kaiser Foundation Health Plan, Inc., Gerber Life Insurance Company.
Are Fishers employer health plans self-funded or fully insured?
Of 21 Fishers employer plans, 2 are fully insured, 10 are self-funded and 9 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in Indiana
Is your company on this page? Get its Form 5500 read next to the Fishers, Indiana medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.