| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST, STE 310 COVINGTON, KY 41011 | AMERICAN FIDELITY ASSURANCE COMPANY | $28K | $0 | $28K | 9.49% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST, STE 310 COVINGTON, KY 41011 | THE NORTH RIVER INSURANCE CO | $28K | — | $28K | 13.50% |
| MEDICAL BENEFITS ADMINISTRATORS5 Filed as: MEDICAL BENEFITS ADMINISTRATORS INC | 1975 TAMARACK RD NEWARK, OH 43055 | THE NORTH RIVER INSURANCE CO | $10K | — | $10K | 4.89% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN AND ASSOCIATES | 525 W FIFTH ST, STE 310 COVINGTON, KY 41011 | METROPOLITAN LIFE INSURANCE | $9K | $0 | $9K | 9.45% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST, STE 310 COVINGTON, KY 41011 | EYEMED VISION CARE | $2K | $0 | $2K | 6.95% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MEDICAL BENEFITS ADMINISTRATORS INC EIN 31-1249371 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $105K |
| ZELIS EIN 31-1407689 CONTRACT | Other fees Service code 99 | PO BOX 743856 ATLANTA, GA 30374 | $16K |
| PRIVATE HEALTHCARE SYSTEMS EIN 04-3138814 CONTRACT | Other fees Service code 99 | 535 DIEHL RD NAPERVILLE, IL 60563 | $16K |
| MEDICAL BENEFITS MUTUAL LIFE INS EIN 31-4210910 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $11K |
| SHERRILL D. MORGAN & ASSOCIATES EIN 61-1008329 BROKER | Insurance agents and brokers Service code 22 | 525 W FIFTH ST COVINGTON, KY 41011 | $8K |
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 | 566 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 566 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AMERICAN FIDELITY ASSURANCE COMPANY | 232 | $293K |
| Vision | EYEMED VISION CARE | 566 | $33K |
| Life insurance | METROPOLITAN LIFE INSURANCE | 486 | $95K |
| Short-term disability | AMERICAN FIDELITY ASSURANCE COMPANY | 232 | $293K |
| Long-term disability | METROPOLITAN LIFE INSURANCE | 486 | $95K |
| Stop-loss / reinsurancereinsurance | THE NORTH RIVER INSURANCE CO | 309 | $209K |
| Other(2 contracts, 2 carriers) | AMERICAN FIDELITY ASSURANCE COMPANY | 486 | $389K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 566 | — |
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.