| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INS AGENCY3 Filed as: GBS INSURANCE AGENCY | — | CIGNA | $10K | — | $10K | 5.75% |
| NFP INSURANCE SERVICES INC3 Filed as: NFP CORPORATE SERVICES (UT), INC | — | HARTFORD | $2K | — | $2K | 9.08% |
| GBS BENEFITS INC3 | — | HARTFORD | $839 | — | $839 | 3.17% |
| NFP INSURANCE SERVICES INC3 Filed as: NFP CORP SERVICE (UT), INC. | — | ASSURITY LIFE INS CO | $1K | — | $1K | 26.42% |
| GBS BENEFITS INC3 | — | ASSURITY LIFE INS CO | $1K | — | $1K | 26.42% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA EIN 59-1031071 TPA | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $20K |
| NFP CORP SERVICES (UT) INC EIN 26-3781081 BROKER | Insurance agents and brokers Service code 22 | — | $15K |
| GBS BENEFITS EIN 87-0517187 BROKER | Insurance agents and brokers Service code 22 | — | $9K |
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 | 80 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 1 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 81 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA | 69 | $171K |
| Dental | PRINCIPAL | 0 | $0 |
| Vision | PRINCIPAL | 0 | $0 |
| Life insurance(2 contracts, 2 carriers) | HARTFORD | 144 | $26K |
| Short-term disability(2 contracts, 2 carriers) | HARTFORD | 144 | $26K |
| Long-term disability(2 contracts, 2 carriers) | HARTFORD | 144 | $26K |
| Other(3 contracts, 3 carriers) | HARTFORD | 148 | $34K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 148 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.