| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL, INC | 625 A1A N PONTE VEDRA BEACH, FL 32082 | BLUE CROSS BLUE SHIELD OF FLORIDA | $64K | — | $64K | 5.00% |
| MFB FINANCIAL DBA THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST AUGUSTINE, FL 32080 | SUN LIFE ASSURANCE COMPANY OF CANADA | $12K | — | $12K | 10.88% |
| THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST AUGUSTINE, FL 32080 | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | $6K | $319 | $6K | 15.79% |
| THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST AU, FL 32080 | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | $4K | $183 | $4K | 15.74% |
| THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST AUGUSTINE, FL 32080 | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | $3K | $147 | $3K | 15.76% |
| MFB FINANCIAL DBA THE BAILEY GROUP3 | 1200 PLANATION ISLAND DR STE 210 ST AUGUSTINE, FL 32080 | HM LIFE INSURANCE COMPANY | $1K | — | $1K | 10.00% |
| MARK MINCK4 | 18424 SW 15TH AVE NEWBERRY, FL 32669 | PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD | $3K | — | $3K | 23.89% |
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 | 164 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 164 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF FLORIDA | 123 | $1.3M |
| Dental | SUN LIFE ASSURANCE COMPANY OF CANADA | 130 | $108K |
| Vision | HM LIFE INSURANCE COMPANY | 138 | $13K |
| Life insurance | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 161 | $25K |
| Short-term disability | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 43 | $19K |
| Long-term disability | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 60 | $40K |
| Other | PRE-PAID LEGAL SERVICES INC DBA LEGALSHIELD | 47 | $11K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 161 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.