| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INC3 | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | CIGNA | $71K | $11K | $82K | 15.54% |
| GBS BENEFITS INC3 Filed as: GBS BENEFITS, INC | 2200 S MAIN ST SUITE 600 SOUTH SALT LAKE, UT 84115 | MEDIEXCEL HEALTH PLAN | $17K | — | $17K | 7.13% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE CITY, UT 84115 | SUN LIFE ASSURANCE COMPANY OF CANADA | $14K | — | $14K | 11.99% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE CITY, UT 84115 | SUN LIFE ASSURANCE COMPANY OF CANADA | $177 | $2K | $2K | 1.68% |
| GBS BENEFITS INC3 Filed as: GBS BENEFITS INC. | 465 S 400TH E STE 300 SALT LAKE CITY, UT 84111 | ASSURITY LIFE INSURANCE COMPANY | $11K | — | $11K | 35.52% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GBS BENEFITS INC BROKER | Non-monetary compensation; Claims processing; Participant communication; Contract Administrator; Named fiduciary; Direct payment from the plan; Other services; Float revenue Service code 12 | 465 S 400TH E STE 300 SALT LAKE CITY, UT 84111 | $14K |
| CIGNA | Non-monetary compensation; Named fiduciary; Participant communication; Float revenue; Direct payment from the plan; Contract Administrator; Other services; Claims processing Service code 12 | — | $0 |
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 | 288 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 288 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA | 166 | $528K |
| Dental | CIGNA | 166 | $528K |
| Vision | CIGNA | 166 | $528K |
| Life insurance(2 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 156 | $146K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 132 | $115K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 132 | $115K |
| Other | SUN LIFE ASSURANCE COMPANY OF CANADA | 132 | $115K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 166 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.