| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ROBERT THOMAS3 | PO BOX 420390 HOUSTON, TX 77242 | PRUDENTIAL | $1K | — | $1K | 16.86% |
| PAUL GETTY3 | SUITE 2750 5847 SAN FELIPE STREET HOUSTON, TX 77056 | PRUDENTIAL | $666 | — | $666 | 8.42% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MATRIX ABSENCE MANAGMENT, INC. EIN 77-0493584 NONE | Claims processing; Direct payment from the plan Service code 12 | — | $164K |
| THE BANK OF NEW YORK MELLON EIN 13-5160382 NONE | Shareholder servicing fees; Direct payment from the plan; Trustee (bank, trust company, or similar financial institution); Float revenue Service code 21 | — | $12K |
| MELLON CAPITAL MANAGEMENT EIN 25-1442864 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $2K |
| SSGA TRUST COMPANY EIN 81-4017137 NONE | Custodial (other than securities); Investment management fees paid indirectly by plan; Investment management fees paid directly by plan; Custodial (securities) Service code 18 | — | $2K |
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 | 11,739 | 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) | 11,739 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Long-term disability | PRUDENTIAL | 121 | $8K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 121 | — |
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.
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.