| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ELITE ADMINISTRATION3 Filed as: ELITE ADMINISTRATION & INSURANCE | 1211 W 22ND ST SUITE 820 OAK BROOK, IL 60523 | BLUE CROSS BLUE SHIELD | $56K | — | $56K | 3.93% |
| ELITE ADMINISTRATION3 Filed as: ELITE ADMINISTRATION & INS GRP INC | 1211 W 22ND ST SUITE 820 OAK BROOK, IL 60523 | METROPOLITAN LIFE INSURANCE COMPANY | $8K | — | $8K | 10.10% |
| BSP GROUP BENEFITS INC3 Filed as: BSP GROUP BENEFITS INC. | 8304 MANGO AVE. MORTON GROVE, IL 60053 | METROPOLITAN LIFE INSURANCE COMPANY | $4K | — | $4K | 4.59% |
| ELITE ADMINISTRATION3 Filed as: ELITE ADMINISTRATION & INS GRP INC | 1211 W 22ND ST SUITE 820 OAK BROOK, IL 60523 | DEARBORN LIFE INSURANCE COMPANY | $10K | $3K | $13K | 26.23% |
| ELITE ADMINISTRATION3 Filed as: ELITE ADMINISTRATION & INSURANCE | 1211 W 22ND ST SUITE 820 OAK BROOK, IL 60523 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $6K | — | $6K | 14.40% |
| ELITE ADMINISTRATION3 Filed as: ELITE ADMINISTRATION & INSURANCE | 1211 W 22ND ST SUITE 820 OAK BROOK, IL 60523 | METROPOLITAN LIFE INSURANCE COMPANY | $2K | — | $2K | 10.00% |
| BSP GROUP BENEFITS INC3 Filed as: BSP GROUP BENEFITS INC. | 8304 MANGO AVE. MORTON GROVE, IL 60053 | METROPOLITAN LIFE INSURANCE COMPANY | $835 | — | $835 | 5.00% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: THE DANIEL AND HENRY COMPANY | 200 S WACKER DRIVE #750 CHICAGO, IL 60606 | FEDERAL INSURANCE COMPANY | $389 | — | $389 | 15.80% |
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 | 107 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 107 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD | 206 | $1.4M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 292 | $79K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 304 | $17K |
| Life insurance | DEARBORN LIFE INSURANCE COMPANY | 159 | $50K |
| Other(3 contracts, 3 carriers) | DEARBORN LIFE INSURANCE COMPANY | 174 | $92K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 304 | — |
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.