| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HORAN ASSOCIATES INC.3 Filed as: HORAN ASSOCIATES INC | 8044 MONTGOMERY RD STE 640 CINCINNATI, OH 45236 | HARTFORD LIFE AND ACCIDENT | $62K | — | $62K | 10.46% |
| HORAN ASSOCIATES INC.3 | 8044 MONTGOMERY RD STE 640 CINCINNATI, OH 452362950 | VISION SERVICE PLAN | $2K | — | $2K | 3.04% |
| S P SERVICES INC3 Filed as: S P AGENCY, INC. | 4500 COOPER ROAD, SUITE 100 CINCINNATI, OH 45242 | FEDERAL INSURANCE COMPANY | $7K | $117 | $7K | 20.36% |
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 | 857 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 864 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | RELIANCE STANDARD LIFE INSURANCE COMPANY | 720 | $452K |
| Vision | VISION SERVICE PLAN | 563 | $67K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 846 | $598K |
| Short-term disability | HARTFORD LIFE AND ACCIDENT | 846 | $598K |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 846 | $598K |
| Other(2 contracts, 2 carriers) | HARTFORD LIFE AND ACCIDENT | 857 | $630K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 857 | — |
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.