| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT HEALTH ADVISOR3 | — | GERBER LIFE | $22K | — | $22K | 8.00% |
| JAMES A BLESSINGER AGY LLC3 Filed as: JAMES A. BLESSINGER AGENCY, LLC | PO BOX 549 JASPER, IN 475470549 | PRINCIPAL LIFE INSURANCE COMPANY | $5K | — | $5K | 13.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PROFESSIONAL BENEFIT ADMINISTRATORS THIRD PARTY ADM. | Claims processing; Plan Administrator; Participant communication; Accounting (including auditing); Insurance services; Recordkeeping and information management (computing, tabulating, data processing, etc.); Consulting (general); Investment advisory (plan); Copying and duplicating Service code 10 | 900 JORIE BLVD SUITE 250 OAK BROOK, IL 60523 | $42K |
| ASPIRANT, INC. EIN 87-4144306 ADMINISTRATION | Contract Administrator; Claims processing Service code 12 | — | $41K |
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 | 161 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 161 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 198 | $35K |
| Prescription drug | GERBER LIFE | 161 | $276K |
| Stop-loss / reinsurancereinsurance | GERBER LIFE | 161 | $276K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 198 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.