| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MERCER HEALTH AND BENEFITS, LLC Filed as: MERCER HEALTH & BENEFITS | 4565 PAYSPHERE CIR CHICAGO, IL 60674 | SECURIAN LIFE INSURANCE COMPANY | $460K | $109K | $569K | 11.13% |
| MERCER HEALTH AND BENEFITS, LLC Filed as: MERCER HEALTH & BENEFITS | 4565 PAYSPHERE CIR CHICAGO, IL 60674 | SECURIAN LIFE INSURANCE COMPANY | $64K | $16K | $80K | 11.22% |
| THE BAKER BENEFIT GROUP | 54 DANBURY ROAD #340 RIDGEFIELD, CT 06877 | JOHN HANCOCK | $53K | — | $53K | 15.59% |
| INSMED INS AGENCY INC Filed as: INSMED INSURANCE AGENCY | 500 MAMARONECK AVE STE 408 HARRISON, NY 10528 | GUARDIAN LIFE INSURANCE COMPANY | $6K | — | $6K | 7.00% |
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 | 20,936 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 20,936 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | INDEPENDENCE BLUE CROSS | 43,629 | $140.4M |
| Dental(2 contracts, 2 carriers) | PENN DENTAL | 37,853 | $2.7M |
| Vision | VISION SERVICE PLAN | 25,696 | $3.7M |
| Life insurance(3 contracts, 2 carriers) | SECURIAN LIFE INSURANCE COMPANY | 36,570 | $6.2M |
| Long-term disability | GUARDIAN LIFE INSURANCE COMPANY | 1,346 | $83K |
| Prescription drug | CVS HEALTH | 43,353 | $0 |
| Other | QUEST BEHAVIORAL HEALTH | 43,629 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 43,629 | — |
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.