South Bend, Indiana employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
33 employers in South Bend, Indiana filed health plans with 100 or more participants for plan year 2024, covering 21,122 participants. They reported $569,244 in insurance premiums and $2.1M in broker commissions and fees. Against 2023, premiums were down 23.2% and broker pay rose 15.6%.
Funding: 7 fully insured · 16 self-funded · 10 mixed. 26 of 33 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in South Bend
South Bend employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Gibson Insurance Agency, Inc. | $146,210 | $24,212 | 178 | Gibson Insurance Agency |
| Holladay Property Services Midwest Inc. | $126,409 | $38,576 | 369 | SBR Services LLC |
| Kulzer, LLC | $96,911 | $24,404 | 108 | Marsh McLennan Agency |
| HMR Acquisition Company, Inc. | $80,405 | $46,531 | 360 | The Horton Group Inc |
| South Bend Medical Foundation | $73,375 | $23,085 | 111 | Gibson Insurance Agency, Inc. |
| Kruggel Lawton & Co., LLC | $45,934 | $35,120 | 119 | Gibson Insurance Agency Inc |
| Beacon Health System | $0 | $144,600 | 9,397 | Acrisure |
| Press Ganey Associates, Inc. | $0 | $81,532 | 2,667 | Lockton |
| 1st Source Corporation | $0 | $156,429 | 1,195 | Lockton |
| Am General LLC | $0 | $174,483 | 1,176 | Gibson Insurance Group |
| Goodwill Industries of Michiana, Inc. | $0 | $49,961 | 654 | The Horton Group Inc. |
| Peoplelink LLC | $0 | $251,855 | 567 | HUB International |
| Physicians Management Employee Leasing, LLC | $0 | $116,422 | 518 | USI Insurance Services |
| Logan Community Resources, Inc. | $0 | $45,534 | 374 | Totalis Consumer Benefit Solutions |
| Harmony Healthcare IT | $0 | $128,934 | 305 | USI Insurance Services |
| Holladay Hospitality Group, LLC | $0 | $38,495 | 298 | Keystone Insurance and Benefits Gro |
| General Sheet Metal Works, Inc. | $0 | $93,022 | 298 | The Horton Group |
| Schafer Industries, Inc. | $0 | $90,789 | 292 | Lockton |
| Meridian Title Corporation | $0 | $18,310 | 200 | James R. Nelligan & Associates |
| Real Services, Inc. | $0 | $22,840 | 190 | Gibson Insurance Agency, LLC |
| Aunalytics, Inc. | $0 | $94,756 | 173 | Meyers Glaros, LLC |
| Imagineering Enterprises, Inc. | $0 | $70,670 | 173 | Professional Insurance Enrollers, L |
| Gates Automotive Corporation | $0 | $38,056 | 167 | Keystone Ins & Benefits Group LLC |
| Alick's Home Medical Equipment, Inc. | $0 | $25,576 | 145 | Gibson Insurance Agency, Inc. |
| Curtis Products Inc. | $0 | $8,634 | 139 | 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 South Bend employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Lockton | $328,750 | 3 |
| Gibson Insurance Agency, Inc. | $283,027 | 10 |
| HUB International | $230,069 | 4 |
| USI Insurance Services | $215,876 | 4 |
| The Horton Group Inc. | $200,399 | 7 |
| Acrisure | $108,449 | 1 |
| Meyers Glaros LLC | $88,774 | 1 |
| Totalis Consumer Benefit Solutions | $62,914 | 2 |
| James R Nelligan & Associates LLC | $54,797 | 4 |
| Marsh McLennan Agency | $49,818 | 6 |
Largest medical carriers
Medical premium written for these employers.
South Bend 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.
| South Bend | Indiana | United States | |
|---|---|---|---|
| Employer plans | 33 | 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 | $42,055 | $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, 34 South Bend employers reported $741,653 in premiums and $1.8M in broker pay for 17,267 participants; in 2024 it was $569,244 and $2.1M for 21,122 participants (premiums −23.2%, broker pay +15.6%).
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 South Bend employers pay health insurance brokers?
33 South Bend employers reported $2,083,722 in broker commissions and fees on their 2024 Form 5500 filings, 32 of them disclosing at least some compensation. Too few fully insured medical plans in South Bend 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 South Bend employer that disclosed broker pay reported $42,055.
Which South Bend employers have the largest health plans?
By insurance premium reported for 2024, Gibson Insurance Agency, Inc. ($146,210), Holladay Property Services Midwest Inc. ($126,409), Kulzer, LLC ($96,911) lead. 25 South Bend employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in South Bend?
By compensation reported by South Bend employers, the largest brokers are Lockton ($328,750, 3 plans), Gibson Insurance Agency, Inc. ($283,027, 10 plans), HUB International ($230,069, 4 plans). By medical premium, the largest carriers are Anthem Insurance Companies, Inc., Unitedhealthcare Insurance Company, Metropolitan Life Insurance Company.
Are South Bend employer health plans self-funded or fully insured?
Of 33 South Bend employer plans, 7 are fully insured, 16 are self-funded and 10 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
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