| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RISK STRATEGIES COMPANY3 Filed as: ARMADA RISK PARTNERS, LLC | 1300 EAST 9TH STREET, SUITE 1650 CLEVELAND, OH 44114 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $36K | $0 | $36K | 15.70% |
| DMC BENEFITS INC3 Filed as: DMC BENEFITS, INC. | 1485 PRINCE CHARLES AVENUE WESTLAKE, OH 44145 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $0 | $11K | $11K | 5.00% |
| RISK STRATEGIES COMPANY3 Filed as: ARMADA RISK PARTNERS, LLC | 1300 EAST 9TH STREET, SUITE 1650 CLEVELAND, OH 44114 | TRUASSURE INSURANCE COMPANY | $18K | $0 | $18K | 11.79% |
| RISK STRATEGIES COMPANY3 Filed as: ARMADA RISK PARTNERS, LLC | 1300 EAST 9TH STREET, SUITE 1650 CLEVELAND, OH 44114 | VISION BENEFITS OF AMERICA | $3K | $0 | $3K | 10.00% |
No Schedule C service providers reported on this filing.
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 | 401 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 401 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | TRUASSURE INSURANCE COMPANY | 443 | $150K |
| Vision | VISION BENEFITS OF AMERICA | 264 | $26K |
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 401 | $228K |
| Short-term disability | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 401 | $228K |
| Long-term disability | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 401 | $228K |
| Other | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 401 | $228K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 443 | — |
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.