| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| QUEST BENEFITS INC3 Filed as: QUEST CONSULTANTS | — | CONSECO LIFE INSURANCE COMPANY | $19 | — | $19 | 1.14% |
| DAVID J MCCLELLAN3 Filed as: DAVID LEICH | — | CONSECO LIFE INSURANCE COMPANY | $13 | — | $13 | 0.78% |
| WORTHAM SAN ANTONIO INC3 Filed as: JOHN J STRENCHOK | — | CONSECO LIFE INSURANCE COMPANY | $12 | — | $12 | 0.72% |
| AMERIPRISE FINANCIAL SERVICES, INC.4 | 1521 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 | JOHN HANCOCK LIFE INSURANCE CO. (USA) | $27K | $0 | $27K | — |
| BUCKNO & LISICKY & COMPANY5 | 645 HAMILTON STREET, SUITE 204 ALLENTOWN, PA 18101 | JOHN HANCOCK LIFE INSURANCE CO. (USA) | $0 | $10K | $10K | — |
| THE PARAGON ALLIANCE GROUP5 | 300 HARLEYSVILLE PIKE SOUDERTON, PA 18964 | JOHN HANCOCK LIFE INSURANCE CO. (USA) | $0 | $5K | $5K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| THE PARAGON ALLIANCE GROUP LLC TPA FEES | Recordkeeping and information management (computing, tabulating, data processing, etc.); Plan Administrator Service code 14 | PO BOX 24926 NEW YORK, NY 100874926 | $8K |
| JOHN HANCOCK LIFE INSURANCE COMPANY EIN 01-0233346 RECORD KEEPER | Soft dollars commissions; Shareholder servicing fees; Recordkeeping and information management (computing, tabulating, data processing, etc.); Distribution (12b-1) fees; Float revenue; Sub-transfer agency fees; Investment management; Other insurance wrap fees Service code 15 | — | $5K |
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 | 145 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 37 | Vested but not currently using benefits. |
| Beneficiaries receiving benefits | 1 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 183 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | CONSECO LIFE INSURANCE COMPANY | 3 | $2K |
| Other | JOHN HANCOCK LIFE INSURANCE CO. (USA) | 185 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 185 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.