| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HORAN ASSOCIATES INC.3 Filed as: HORAN ASSOCIATES, INC. | 4990 E GALBRAITH ROAD STE 102 CINCINNATI, OH 45236 | PRINCIPAL LIFE INSURANCE COMPANY | $8K | — | $8K | 2.99% |
| HORAN ASSOCIATES INC.3 | 4990 EAST GALBRAITH ROAD STE 102 CINCINNATI, OH 45236 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $13K | $2K | $15K | 12.99% |
| HORAN ASSOCIATES INC.3 | 4990 EAST GALBRAITH ROAD STE 102 CINCINNATI, OH 45236 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $4K | $1K | $5K | 8.47% |
| HORAN ASSOCIATES INC.3 Filed as: HORAN ASSOCIATES INC | 4990 E GALBRAITH RD STE 102 CINCINNATI, OH 45236 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $4K | — | $4K | 11.85% |
| HORAN ASSOCIATES INC.3 | 4990 EAST GALBRAITH ROAD STE 102 CINCINNATI, OH 45236 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $0 | $236 | $236 | 2.24% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| OPTUMRX, INC. EIN 33-0441200 PHARMACY BENEFIT MGT | Direct payment from the plan; Other fees; Float revenue; Claims processing Service code 12 | — | $740K |
| UMR CLAIMS PROCESSOR | Claims processing Service code 12 | PO BOX 1067 WAUSAU, WI 54402 | $181K |
| HORAN ASSOCIATES INC BROKER | Insurance agents and brokers Service code 22 | 4990 E GALBRAITH RD STE 102 CINCINNATI, OH 45236 | $37K |
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 | 352 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 352 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 283 | $274K |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 220 | $34K |
| Life insurance | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | 352 | $116K |
| Short-term disability | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | 352 | $11K |
| Long-term disability | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | 352 | $57K |
| Stop-loss / reinsurancereinsurance | GREYMATTER RISK MANAGEMENT | 298 | $424K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 352 | — |
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.