| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ASR HEALTH BENEFITS3 | P.O. BOX 6392 GRAND RAPIDS, MI 495166392 | ARDELLIS | $171K | — | $171K | 17.97% |
| ASR HEALTH BENEFITS3 | PO BOX 6392 GRAND RAPIDS, MI 495166392 | TOKIO MARINE HCC | $5K | — | $5K | 10.00% |
| VALERIE MCCOY3 | 5380 CASCADE RD SE STE 300 GRAND RAPIDS, MI 495469047 | METROPOLITAN LIFE INSURANCE COMPANY | $4K | — | $4K | 12.50% |
| JAMES M HUGHES3 | 5380 CASCADE RD SE GRAND RAPIDS, MI 49546 | COMPANION LIFE INSURANCE COMPANY | $4K | — | $4K | 15.01% |
| BENEFIT PROFILES INC3 | 500 CASCADE WEST PARKWAY SE GRAND RAPIDS, MI 49546 | COMPANION LIFE INSURANCE COMPANY | $334 | — | $334 | 1.12% |
| AGENT ALLIANCE CORPORATION3 | 500 CASCADE WEST PARKWAY SUITE 160 GRAND RAPIDS, MI 49546 | COMPANION LIFE INSURANCE COMPANY | $50 | — | $50 | 0.17% |
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 | 237 | 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) | 237 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 810 | $61K |
| Stop-loss / reinsurancereinsurance | ARDELLIS | 237 | $953K |
| Other(3 contracts, 3 carriers) | TOKIO MARINE HCC | 810 | $110K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 810 | — |
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.
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.