| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HM BENEFITS LLC3 | 935 GRAVIER ST., STE 1640 NEW ORLEANS, LA 70112 | BLUE CROSS AND BLUE SHIELD OF LOUISIANA | $65K | $34K | $99K | 5.34% |
| HM BENEFITS LLC3 | 935 GRAVIER ST., STE 1640 NEW ORLEANS, LA 70112 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | $10K | $2K | $12K | 19.02% |
| SOUTHERN NATL MARKETING CO3 | 5525 REITZ AVENUE BATON ROUGE, LA 70809 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | — | $3K | $3K | 4.98% |
| SOUTHERN NATIONAL LIFE INSURANCE CO3 | 5525 REITZ AVENUE BATON ROUGE, LA 70809 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | — | $3K | $3K | 4.98% |
| HM BENEFITS LLC3 | 935 GRAVIER ST., STE 1640 NEW ORLEANS, LA 70112 | HUMANA HEALTH BENEFIT PLAN OF LOUISIANA, INC. | $1K | — | $1K | 9.92% |
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 | 171 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 12 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 183 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS AND BLUE SHIELD OF LOUISIANA | 216 | $1.8M |
| Dental | TRUASSURE INSURANCE COMPANY | 298 | $84K |
| Vision | HUMANA HEALTH BENEFIT PLAN OF LOUISIANA, INC. | 165 | $13K |
| Life insurance | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | 79 | $62K |
| Short-term disability | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | 79 | $62K |
| Prescription drug | BLUE CROSS AND BLUE SHIELD OF LOUISIANA | 216 | $1.8M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 298 | — |
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."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.