| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SPECTRUM BENEFITS LLC Filed as: SPECTRUM BENEFITS, LLC | 721 THREE MILE ROAD NW GRAND RAPIDS, MI 49544 | PRIORITY HEALTH INSURANCE COMPANY | — | — | $0 | 0.00% |
| SPECTRUM BENEFITS LLC Filed as: SPECTRUM BENEFITS, LLC | 721 THREE MILE ROAD NW GRAND RAPIDS, MI 49544 | GUARDIAN DENTAL | $4K | — | $4K | 3.38% |
| SPECTRUM BENEFITS LLC3 Filed as: SPECTRUM BENEFITS, LLC | 721 THREE MILE ROAD NW GRAND RAPIDS, MI 49544 | DEARBORN LIFE INSURANCE COMPANY | $6K | — | $6K | 14.43% |
| SPECTRUM BENEFITS LLC Filed as: SPECTRUM BENEFITS, LLC | 721 THREE MILE ROAD NW GRAND RAPIDS, MI 49544 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $157 | — | $157 | 0.92% |
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 | 119 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 123 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | GUARDIAN DENTAL | 111 | $107K |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 94 | $17K |
| Life insurance | DEARBORN LIFE INSURANCE COMPANY | 13 | $40K |
| Short-term disability | DEARBORN LIFE INSURANCE COMPANY | 13 | $40K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 111 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.