| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR. SUITE 180 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $74K | — | $74K | 15.13% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR. SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $35K | — | $35K | 10.17% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR. SUITE 180 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $35K | $5K | $40K | 17.41% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR. SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $16K | $4K | $20K | 17.55% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR. SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $11K | $2K | $13K | 17.67% |
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 | 0 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 0 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(5 contracts, 4 carriers) | MVP HEALTHCARE | 1,251 | $1.3M |
| Dental(10 contracts, 10 carriers) | CIGNA DENTAL HEALTH OF PENNSYLVANIA, INC. | 260 | $124K |
| Life insurance(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 4,924 | $1.1M |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 247 | $341K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 4,881 | $532K |
| Prescription drug | MVP HEALTHCARE | 92 | $902K |
| Other(15 contracts, 11 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 6,350 | $1.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 6,350 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Final-filing indicator set. Plan is winding down; don't waste sales effort here.