| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN AGENCY | FIFTH STREET CENTER 525 W. 5TH NEWARK, KY 41011 | AMERICAN FIDELITY ASSURANCE COMPANY | $80K | — | $80K | 8.58% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN AGENCY | FIFTH STREET CENTER 525 W. 5TH COVINGTON, OH 41011 | SUNLIFE FINANCIAL | $90K | — | $90K | 10.51% |
| MEDICAL BENEFITS ADMINISTRATORS5 Filed as: MEDICAL BENEFITS ADMINSTRATORS INC | 1975 TAMARACK RD NEWARK, OH 43055 | SUNLIFE FINANCIAL | $33K | — | $33K | 3.81% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN AGENCY | FIFTH STREET CENTER 525 W. 5TH NEWARK, KY 41011 | METROPOLITAN LIFE INSURANCE | $29K | — | $29K | 9.27% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN AGENCY | FIFTH STREET CENTER 525 W. 5TH NEWARK, KY 41011 | EYEMED VISION CARE | $7K | — | $7K | 6.41% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MEDICAL BENEFITS ADMINSTRATORS INC EIN 31-1249371 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $435K |
| PAYER COMPASS EIN 46-2047081 CONTRACT | Other fees Service code 99 | 5800 GRANITE PARKWAY, SUITE 450 PLANO, TX 75024 | $93K |
| PHIA GROUP CONSULTING, LLC EIN 46-1439866 CONTRACT | Other fees Service code 99 | P.O. BOX 499 CANTON, MA 02021 | $41K |
| MEDICAL BENEFITS MUTUAL LIFE INS EIN 31-4210910 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $31K |
| SHERRILL D. MORGAN AGENCY EIN 61-1008329 BROKER | Plan Administrator Service code 14 | FIFTH STREET CENTER 525 W. 5TH COVINGTON, KY 41011 | $26K |
| AMERICAN HEALTH HOLDING INC. EIN 31-1368946 CONTRACT | Other fees Service code 99 | 7400 WEST CAMPUS ROAD F-510 NEW ALBANY, OH 43054 | $18K |
| EMPLOYER ADVISORY SERVICES, LLC EIN 81-4801002 BROKER | Insurance agents and brokers Service code 22 | PO BOX 387 ARLINGTON, TN 38002 | $17K |
| PRIVATE HEALTHCARE SYSTEMS EIN 04-3138814 CONTRACT | Other fees Service code 99 | 535 DIEHL ROAD NAPEVILLE, IL 60563 | $14K |
| ZELIS EIN 31-1407689 CONTRACT | Other fees Service code 99 | PO BOX 743856 ATLANTA, GA 303743856 | $14K |
| MEDBEN RX, LLC EIN 83-2705357 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $11K |
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 | 975 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 975 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AMERICAN FIDELITY ASSURANCE COMPANY | 771 | $935K |
| Vision | EYEMED VISION CARE | 845 | $103K |
| Life insurance | METROPOLITAN LIFE INSURANCE | 791 | $311K |
| Short-term disability | AMERICAN FIDELITY ASSURANCE COMPANY | 771 | $935K |
| Long-term disability | METROPOLITAN LIFE INSURANCE | 791 | $311K |
| Stop-loss / reinsurancereinsurance | SUNLIFE FINANCIAL | 975 | $860K |
| Other(2 contracts, 2 carriers) | AMERICAN FIDELITY ASSURANCE COMPANY | 791 | $1.2M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 975 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.