| 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 | $16K | $2K | $18K | 10.42% |
| MJ INSURANCE3 Filed as: MJ INS INC | PO BOX 3430 CARMEL, IN 460823430 | METROPOLITAN LIFE INSURANCE COMPANY | $23K | $409 | $23K | 27.07% |
| STEELE INSURANCE AND FINANCIAL SERV3 | 9020 CRAWFORDSVILLE RD INDIANAPOLIS, IN 462341516 | METROPOLITAN LIFE INSURANCE COMPANY | $23K | $0 | $23K | 26.59% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UMR, INC. EIN 39-1995276 CLAIMS PROCESSING | Claims processing Service code 12 | 7440 WOODLAND DRIVE, DEPT. 100 INDIANAPOLIS, IN 46278 | $314K |
| METROPOLITAN LIFE INSURANCE COMPANY EIN 13-5581829 | Contract Administrator; Claims processing Service code 12 | — | $30K |
| MJ INSURANCE, INC. EIN 35-1109367 | Other commissions Service code 55 | 571 MONON BLVD SUITE 400 CARMEL, IN 46032 | $9K |
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 | 738 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 738 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 1,338 | $173K |
| Short-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 130 | $86K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 1,338 | $173K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 1,338 | $173K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,338 | — |
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.