| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GREGORY & APPEL, INC. Filed as: GREGORY & APPEL | 1402 N. CAPITOL SUITE 400 INDIANAPOLIS, IN 46202 | DELTA DENTAL OF INDIANA | $27K | — | $27K | 16.28% |
| GREGORY & APPEL, INC. Filed as: GREGORY & APPEL | 1402 N. CAPITAL SUITE 400 INDIANAPOLIS, IN 46202 | GUARDIAN | $14K | — | $14K | 16.47% |
| WATCHTOWER BENEFITS, LLC Filed as: WATCHTOWER BENEFITS LLC | 2734 N. MILDRED AVE. #3 CHICAGO, IL 60618 | GUARDIAN | $1K | — | $1K | 1.50% |
| LIFETIME FINANCIAL GROWTH CO O Filed as: LIFETIME FINANCIAL GROWTH OF I | — | GUARDIAN | $15 | — | $15 | 0.02% |
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 | 245 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 245 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF INDIANA | 389 | $168K |
| Vision | GUARDIAN | 245 | $83K |
| Life insurance | GUARDIAN | 245 | $83K |
| Short-term disability | GUARDIAN | 245 | $83K |
| Long-term disability | GUARDIAN | 245 | $83K |
| Other | COMMUNITY HEALTH NETWORK | 245 | $15K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 389 | — |
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.