| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HAYS COMPANIES, INC.3 Filed as: THE HAYS GROUP INC | 80 SOUTH 8TH STREET MINNEAPOLIS, MN 55402 | SYMEMTRA LIFE INSURANCE COMPANY | $50K | $13K | $63K | 16.31% |
| HAYS COMPANIES, INC.3 | 80 SOUTH 8TH ST SUITE 700 MINNEAPOLIS, MN 55402 | HUMANA INSURANCE COMPANY | $12K | — | $12K | 3.12% |
| HAYS COMPANIES, INC.3 Filed as: THE HAYS GROUP, INC. | 80 SO. 8TH ST., STE. 700 MINNEAPOLIS, MN 55402 | ANTHEM INSURANCE COMPANIES INC | $3K | — | $3K | 10.01% |
| HAYS COMPANIES, INC.3 | 8O S 8TH STREET SUITE 700 MINNEAPOLIS, MN 55402 | HUMANA BENEFIT PLAN OF ILLINOIS INC | $200 | — | $200 | 3.06% |
No Schedule C service providers reported on this filing.
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 727 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 732 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HUMANA INSURANCE COMPANY | 109 | $375K |
| Vision | ANTHEM INSURANCE COMPANIES INC | 444 | $26K |
| Life insurance | SYMEMTRA LIFE INSURANCE COMPANY | 727 | $384K |
| Long-term disability | SYMEMTRA LIFE INSURANCE COMPANY | 727 | $384K |
| Prescription drug(2 contracts, 2 carriers) | HUMANA INSURANCE COMPANY | 109 | $375K |
| Other | SYMEMTRA LIFE INSURANCE COMPANY | 727 | $384K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 727 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.