| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W. FIFTH STREET COVINGTON, KY 41011 | AMERICAN FIDELITY ASSURANCE COMPANY | $22K | — | $22K | 8.32% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST COVINGTON, KY 41011 | THE NORTH RIVER INSURANCE CO. | $27K | — | $27K | 10.42% |
| MEDICAL BENEFITS ADMINISTRATORS5 Filed as: MEDICAL BENEFITS ADMINISTRATORS INC | 1975 TAMARACK RD NEWARK, OH 43055 | THE NORTH RIVER INSURANCE CO. | $10K | — | $10K | 3.78% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 FIFTH ST COVINGTON, KY 41001 | METROPOLITON LIFE INSURANCE | $8K | — | $8K | 8.45% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 515 W FIFTH ST COVINGTON, KY 41011 | EYEMED VISION CARE | $2K | — | $2K | 7.04% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PAYER COMPASS EIN 46-2047081 CONTRACT | Other fees Service code 99 | 5800 GRANITE PARKWAY, STE 450 PLANO, TX 75024 | $26K |
| MEDICAL BENEFITS ADMINISTRATORS INC EIN 31-1249371 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $11K |
| MEDICAL BENEFITS MUTUAL LIFE INS EIN 31-4210910 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $9K |
| PHIA EIN 46-1439866 CONTRACT | Other fees Service code 99 | PO BOX 499 CANTON, MA 02021 | $8K |
| SHERRILL D. MORGAN & ASSOCIATES EIN 61-1008329 BROKER | Plan Administrator Service code 14 | 525 W FIFTH ST COVINGTON, KY 41011 | $8K |
| AMERICAN HEALTH HOLDINGS EIN 31-1368946 CONTRACT | Other fees Service code 99 | 7400 WEST CAMPUS ROAD, F-510 NEW ALBANY, OH 43054 | $5K |
| PRIVATE HEALTHCARE SYSTEM EIN 04-3138814 CONTRACT | Other fees Service code 99 | 535 DIEHL RD NAPERVILLE, IL 60563 | $4K |
| ZELIS EIN 31-1407689 CONTRACT | Other fees Service code 99 | PO BOX 743856 ATLANTA, GA 30374 | $4K |
| MEDBEN RX, LLC EIN 83-2705357 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $3K |
| EMPLOYER ADVISORY SERVICES EIN 81-4801002 BROKER | Insurance agents and brokers Service code 22 | PO BOX 387 ARLINGTON, TN 38002 | $2K |
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 | 1,224 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,224 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AMERICAN FIDELITY ASSURANCE COMPANY | 219 | $264K |
| Vision | EYEMED VISION CARE | 255 | $30K |
| Life insurance | METROPOLITON LIFE INSURANCE | 234 | $90K |
| Short-term disability | AMERICAN FIDELITY ASSURANCE COMPANY | 219 | $264K |
| Long-term disability | METROPOLITON LIFE INSURANCE | 234 | $90K |
| Stop-loss / reinsurancereinsurance | THE NORTH RIVER INSURANCE CO. | 289 | $263K |
| Other(2 contracts, 2 carriers) | AMERICAN FIDELITY ASSURANCE COMPANY | 234 | $354K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 289 | — |
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.