| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| STEALH BENEFIT SOLUTIONS LLC | 18940 N. PIMA ROAD SCOTTSDALE, AZ 85255 | AMALGAMATED LIFE INSURANCE COMPANY | $465K | — | $465K | 14.90% |
| STEALH BENEFIT SOLUTIONS LLC | 18940 N. PIMA ROAD SCOTTSDALE, AZ 85255 | AMALGAMATED LIFE INSURANCE COMPANY | $35K | — | $35K | 20.74% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SOUTHERN BENEFIT ADMINISTRATORS EIN 62-1116095 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan; Claims processing Service code 12 | — | $592K |
| MOONEY, GREEN, SAINDON, MURPHY & WE EIN 52-1958229 NONE | Other commissions; Legal Service code 29 | — | $114K |
| SEGAL SELECT INSURANCE NONE | Insurance services; Direct payment from the plan Service code 23 | 1111 SUPERIOR AVE, SUITE 2340 CLEVELAND, OH 44114 | $59K |
| LARRY MAGARIK ESQ NONE | Legal; Direct payment from the plan; Named fiduciary Service code 29 | 80 8TH AVENUE, 9TH FLOOR NEW YORK, NY 10011 | $35K |
| WEEKLEY'S MAILING SERVICE, INC EIN 34-0942604 NONE | Other fees Service code 99 | 1420 W BAGLEY RD BEREA, OH 44017 | $19K |
| SLEVIN AND HART, P.C. EIN 52-1708613 NONE | Legal; Direct payment from the plan Service code 29 | — | $17K |
| CALIBRE CPA GROUP PLLC EIN 47-0900880 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $16K |
| COHEN, WEISS AND SIMON LLP NONE | Legal; Direct payment from the plan Service code 29 | 900 3RD AVENUE, 2100 NEW YORK, NY 10022 | $12K |
| CLEARSTEAD ADVISORS, LLC NONE | Direct payment from the plan; Investment management fees paid directly by plan Service code 50 | 1100 SUPERIOR AVENUE EAST, SUITE 70 CLEVELAND, OH 44114 | $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 | 36,973 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 36,973 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Long-term disability(2 contracts) | AMALGAMATED LIFE INSURANCE COMPANY | 4,384 | $3.3M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 4,384 | — |
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.