| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| 360 WEALTH & BENEFITS, INC3 Filed as: 360 WEALTH & BENEFITS | 4017 W DR MARTIN LUTHER KING JR BLV TAMPA, FL 33614 | BLUE CROSS BLUE SHIELD | $71K | — | $71K | 4.91% |
| KEITH ANTHONY GROESBECK3 Filed as: KEITH GROESBECK JR | 1501 14TH ST N SAINT PETERSBURG, FL 33704 | PRINCIPAL LIFE INSURANCE COMPANY | $11K | — | $11K | 10.02% |
| 360 WEALTH & BENEFITS, INC3 Filed as: 360 WEALTH & BENEFITS | 4017 W DR MARTIN LUTHER KING JR BLV TAMPA, FL 33614 | PRINCIPAL LIFE INSURANCE COMPANY | — | $2K | $2K | 1.84% |
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 | 306 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 306 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD | 187 | $1.4M |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 346 | $111K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 346 | $111K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 346 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.