| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HM LIFE INSURANCE COMPANY5 Filed as: HM LIFE INSURANCE GROUP | 1501 S. CLINTON ST. 7TH FLOOR BALTIMORE, MD 21224 | CAREFIRST BC/BS | — | $301K | $301K | 60.28% |
| CAREFIRST ADMINISTRATORS5 | 1501 S. CLINTON ST. 7TH FLOOR BALTIMORE, MD 21224 | CAREFIRST BC/BS | — | $142K | $142K | 28.51% |
| CYPRESS BENEFITS GROUP, INC.3 | 913 RIDGEBROOK ROAD SUITE 218 SPARKS, MD 21152 | CAREFIRST BC/BS | — | $123K | $123K | 24.57% |
| CAREFIRST ADMINISTRATORS5 | 1501 S. CLINTON ST 7TH FLOOR BALTIMORE, MD 21224 | CAREFIRST BC/BS | — | $105K | $105K | 21.01% |
| CYPRESS BENEFITS GROUP, INC.3 | 913 RIDGEBROOK ROAD SUITE 218 SPARKS, MD 21152 | ONEAMERICA/AUL | $47K | $30K | $77K | 25.45% |
| CYPRESS BENEFITS GROUP, INC.3 | 913 RIDGEBROOK ROAD SUITE 218 SPARKS, MD 21152 | METROPOLITAN LIFE INSURANCE COMPANY | $27K | — | $27K | 9.80% |
| CYPRESS BENEFITS GROUP, INC.3 | 913 RIDGEBROOK ROAD SUITE 218 SPARKS, MD 21152 | ONEAMERICA/AUL | $7K | $4K | $11K | 25.36% |
| CYPRESS BENEFITS GROUP, INC.3 | 913 RIDGEBROOK ROAD SUITE 218 SPARKS, MD 21152 | SUPERIOR VISION PLAN | $5K | — | $5K | 11.78% |
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 | 509 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 11 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 520 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CAREFIRST BC/BS | 697 | $499K |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 1,835 | $272K |
| Vision | SUPERIOR VISION PLAN | 491 | $40K |
| Life insurance | ONEAMERICA/AUL | 509 | $45K |
| Short-term disability | ONEAMERICA/AUL | 509 | $301K |
| Prescription drug | CAREFIRST BC/BS | 697 | $499K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,835 | — |
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."
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.