| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MJ INSURANCE3 Filed as: MJ INS INC. | PO BOX 3430 CARMEL, IN 460823430 | METROPOLITAN LIFE INSURANCE COMPANY | $15K | $3K | $18K | 11.55% |
| MJ INSURANCE3 Filed as: MJ INS INC. | PO BOX 3430 CARMEL, IN 460823430 | METROPOLITAN LIFE INSURANCE COMPANY | $21K | $404 | $22K | 29.99% |
| STEELE INSURANCE AND FINANCIAL SVCS3 Filed as: STEELE INSURANCE AND FINANCIAL | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 462341516 | METROPOLITAN LIFE INSURANCE COMPANY | $21K | $0 | $21K | 29.43% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY EIN 13-5581829 | Claims processing; Contract Administrator Service code 12 | — | $32K |
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 | 742 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 742 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 772 | $159K |
| Short-term disability(2 contracts) | METROPOLITAN LIFE INSURANCE COMPANY | 772 | $232K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 772 | $159K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 772 | $159K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 772 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.