| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MASS MUTUAL FINANCIAL GROUP3 Filed as: MASS MUTUAL LIFE INSURANCE COMPANY | 1295 STATE ST SPRINGFIELD, MA 011110001 | MASS MUTUAL | $335 | $0 | $335 | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY EIN 42-0127290 CONTRACT ADMINISTRATOR | Recordkeeping fees; Contract Administrator; Participant loan processing; Direct payment from the plan Service code 13 | — | $149K |
| SCHNEIDER DOWNS ACCTS. RECEIVABLE D EIN 25-1408703 ACCOUNTANT | Other fees; Accounting (including auditing) Service code 10 | — | $16K |
| GALLAGHER FIDUCIARY ADVISORS EIN 36-4291971 CONSULTANT | Other fees; Consulting (general) Service code 16 | — | $11K |
| MORNINGSTAR INVESTMENT MANAGEMENT L EIN 36-4317381 INV ADV, PARTICIPANTS | Investment advisory (participants); Consulting fees Service code 26 | — | $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 | 920 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 160 | Vested but not currently using benefits. |
| Beneficiaries receiving benefits | 6 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 1,088 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | MASS MUTUAL | 68 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 68 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.