| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GIS BENEFITS INC3 | 422 WAUPONSEE ST MORRIS, IL 60450 | PRINCIPAL LIFE INSURANCE COMPANY | $0 | $17K | $17K | 8.57% |
| KRAUS-ANDERSON INSURANCE3 Filed as: KRAUS-ANDERSON INSURANCE AGENCY | 420 GATEWAY BLVD BURNSVILLE, MN 55337 | PRINCIPAL LIFE INSURANCE COMPANY | $10K | $5K | $15K | 7.65% |
| SCHWARTZ BENEFIT SERVICES INC3 Filed as: SCHWARTZ BROTHERS INS AGENCY | 500 W MADISON ST STE 2700 CHICAGO, IL 60661 | PRINCIPAL LIFE INSURANCE COMPANY | $8K | $0 | $8K | 3.81% |
| GIS BENEFITS INC DBA BOON CHAPMAN3 | 9401 AMBERGLEN BLVD BLDG 1 STE AUSTIN, TX 78729 | PRINCIPAL LIFE INSURANCE COMPANY | $0 | -$4 | -$4 | -0.00% |
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 | 249 | 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) | 249 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 332 | $198K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 332 | — |
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.