| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| CM SMITH AGENCY INC3 | 100 PEARL STREET FL 3 HARTFORD, CT 06103 | PRINCIPAL LIFE INSURANCE COMPANY | $22K | — | $22K | 5.06% |
| ASSURANCE AGENCY LTD3 | 1750 E GOLF RD STE 1100 SCHAUMBURG, IL 60173 | PRINCIPAL LIFE INSURANCE COMPANY | $14K | $3K | $16K | 3.83% |
| ASSURANCE AGENCY LTD3 Filed as: ASSURANCE AGENCY, LTD | 1750 E GOLF RD STE 1100 SCHAUMBURG, IL 60173 | VISION SERVICE PLAN | $1K | — | $1K | 1.29% |
| CM SMITH AGENCY INC3 Filed as: CM SMITH AGENCY, INC | 100 PEARL STREET FL 3 HARTFORD, CT 06103 | VISION SERVICE PLAN | $1K | — | $1K | 1.22% |
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 | 1,363 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,363 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 792 | $89K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 1,673 | $431K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 1,673 | $431K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 1,673 | $431K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,673 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
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.