| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GARNETT POWERS & ASSOCIATES INC3 | 23361 MADERO SUITE 240 MISSION VIEJO, CA 92691 | AETNA LIFE INSURANCE CO. | $22K | — | $22K | 2.56% |
| GARNETT POWERS & ASSOCIATES INC3 | 25909 PALA SUITE 120 MISSION VIEJO, CA 92691 | AETNA LIFE INSURANCE CO. | $12K | — | $12K | 1.42% |
| GARNETT POWERS ASSOC INC3 | GARNETT POWERS AND ASSOC 25909 PALA #120 MISSION VIEJO, CA 92691 | STANDARD INSURANCE COMPANY | $7K | $518 | $7K | 10.76% |
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 | 1,324 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 27 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,356 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE CO. | 1,719 | $871K |
| Dental | AETNA LIFE INSURANCE CO. | 1,719 | $871K |
| Vision | AETNA LIFE INSURANCE CO. | 1,719 | $871K |
| Life insurance | STANDARD INSURANCE COMPANY | 1,294 | $67K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,719 | — |
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 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.