| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHERRILL D MORGAN & ASSOCIATES5 Filed as: SHERRILL D. MORGAN & ASSOCIATES INC | 525 W 5TH ST, SUITE 310 COVINGTON, KY 41011 | SUN LIFE FINANCIAL | $117K | — | $117K | 27.33% |
| MEDICAL BENEFITS ADMINISTRATORS3 | 1975 TAMARACK RD NEWARK, OH 43055 | SUN LIFE FINANCIAL | $42K | — | $42K | 9.91% |
| SHERRILL D MORGAN & ASSOCIATES3 | 525 W 5TH ST STE 310 COVINGTON, KY 410111200 | METROPOLITAN LIFE INSURANCE COMPANY | $27K | — | $27K | 11.16% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MEDICAL BENEFITS ADMINISTRATORS EIN 31-1249371 CONTRACT | Plan Administrator Service code 14 | — | $345K |
| MEDICAL MUTUAL OF OHIO EIN 34-0648820 CONTRACT | Other fees Service code 99 | — | $113K |
| MEDICAL BENEFITS MUTUAL LIFE INS CO EIN 31-4210910 CONTRACT | Plan Administrator Service code 14 | — | $30K |
| SHERRILL D. MORGAN & ASSOCIATES INC EIN 61-1008329 BROKER | Insurance agents and brokers Service code 22 | — | $24K |
| AMERICAN HEALTH HOLDING EIN 31-1368946 CONTRACT | Other fees Service code 99 | — | $17K |
| CWIBENEFITS EIN 57-0870204 CONTRACT | Other fees Service code 99 | — | $16K |
| PHCS EIN 04-3138814 CONTRACT | Other fees Service code 99 | — | $13K |
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 | 1,174 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,174 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 1,889 | $246K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 1,889 | $246K |
| Stop-loss / reinsurancereinsurance | SUN LIFE FINANCIAL | 1,174 | $428K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 1,889 | $246K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,889 | — |
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.