| 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 | $75K | $0 | $75K | 9.49% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 151 W FIFTH ST COVINGTON, KY 41011 | METROPOLITAN LIFE INSURANCE | $24K | $0 | $24K | 9.45% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST COVINGTON, KY 41011 | EYEMED VISION CARE | $6K | $0 | $6K | 6.95% |
| SHERRILL D MORGAN & ASSOCIATES3 Filed as: SHERRILL D. MORGAN & ASSOCIATES | 525 W FIFTH ST, STE 310 COVINGTON, KY 41011 | NORTH RIVER INSURANCE CO. | $84K | $0 | $84K | — |
| MEDICAL BENEFITS ADMINISTRATORS5 Filed as: MEDICAL BENEFITS ADMINISTRATORS INC | 1975 TAMARACK RD NEWARK, OH 43055 | NORTH RIVER INSURANCE CO. | $30K | — | $30K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MEDICAL BENEFITS ADMINISTRATORS INC EIN 31-1249371 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK ROAD NEWARK, OH 43055 | $323K |
| PAYER COMPASS EIN 46-2047081 CONTRACT | Other fees Service code 99 | 5800 GRANITE PARKWAY, STE 450 PLANO, TX 75024 | $122K |
| MEDICAL BENEFITS MUTUAL LIFE INS EIN 31-4210910 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK ROAD NEWARK, OH 43055 | $26K |
| SHERRILL D. MORGAN & ASSOCIATES EIN 61-1008329 BROKER | Insurance agents and brokers Service code 22 | 525 W FIFTH ST COVINGTON, KY 41011 | $22K |
| AMERICAN HEALTH HOLDINGS EIN 31-1368946 CONTRACT | Other fees Service code 99 | 7400 WEST CAMPUS ROAD F-510 NEW ALBANY, OH 43054 | $16K |
| MEDBEN RX, LLC EIN 83-2705357 CONTRACT | Plan Administrator Service code 14 | 1975 TAMARACK RD NEWARK, OH 43055 | $10K |
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 | 1,528 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,528 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AMERICAN FIDELITY ASSURANCE COMPANY | 626 | $793K |
| Vision | EYEMED VISION CARE | 1,528 | $89K |
| Life insurance | METROPOLITAN LIFE INSURANCE | 1,312 | $258K |
| Short-term disability | AMERICAN FIDELITY ASSURANCE COMPANY | 626 | $793K |
| Long-term disability | METROPOLITAN LIFE INSURANCE | 1,312 | $258K |
| Stop-loss / reinsurancereinsurance | NORTH RIVER INSURANCE CO. | 835 | $0 |
| Other(2 contracts, 2 carriers) | AMERICAN FIDELITY ASSURANCE COMPANY | 1,312 | $1.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,528 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
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.