| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 | 916 W ST GERMAIN ST, SUITE 100 ST. CLOUD, MN 56301 | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | — | $4K | $4K | 0.10% |
| HOLLAND & FRANK EMPLOYEE BENEFITS3 | 131 6TH AVE S, SUITE 150 WAITE PARK, MN 56387 | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | $25 | — | $25 | 0.00% |
| MAHOWALD INSURANCE AGENCY3 | 916 W ST GERMAIN ST, SUITE 100 ST. CLOUD, MN 56301 | DELTA DENTAL OF MINNESOTA | $2K | — | $2K | 0.82% |
| MAHOWALD INSURANCE AGENCY3 | 916 W ST GERMAIN ST, SUITE 100 ST. CLOUD, MN 56301 | VISION SERVICE PLAN | — | — | $0 | 0.00% |
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 | 405 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 405 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS AND BLUE SHIELD OF MINNESOTA | 316 | $4.1M |
| Dental | DELTA DENTAL OF MINNESOTA | 345 | $278K |
| Vision | VISION SERVICE PLAN | 177 | $36K |
| Life insurance | RELIASTAR LIFE INSURANCE COMPANY | 420 | $197K |
| Long-term disability | RELIASTAR LIFE INSURANCE COMPANY | 420 | $197K |
| Other | RELIASTAR LIFE INSURANCE COMPANY | 420 | $197K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 420 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.