| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NAMELY EMPLOYEE BENEFITS, LLC3 Filed as: NAMELY, INC. | 195 BROADWAY, 15TH FLOOR NEW YORK, NY 10007 | CAREFIRST OF MARYLAND, INC. | $0 | $114K | $114K | 4.77% |
| MATHER & STROHL ADMIN SVCS INC5 Filed as: MATHER AND STROHL ADMIN. SVCS. | 12404 PARK CENTRAL DRIVE SUITE 400 DALLAS, TX 75251 | CAREFIRST OF MARYLAND, INC. | $0 | $35K | $35K | 1.45% |
| MATHER BENEFIT ADMINISTRATORS, LLC5 | 10540 YORK ROAD COCKEYSVILLE, MD 21030 | METROPOLITAN LIFE INSURANCE COMPANY | $0 | $67K | $67K | 14.57% |
| NAMELY EMPLOYEE BENEFITS, LLC3 Filed as: NAMELY EMPLOYEE BENEFITS LLC | 195 BROADWAY FL 15 NEW YORK, NY 10007 | METROPOLITAN LIFE INSURANCE COMPANY | $0 | $6K | $6K | 1.39% |
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 | 388 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 14 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 126 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 528 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CAREFIRST OF MARYLAND, INC. | 458 | $2.4M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Short-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Prescription drug | CAREFIRST OF MARYLAND, INC. | 458 | $2.4M |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 549 | $459K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 549 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.