| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| M J INSURANCE INC.3 Filed as: M J INSURANCE INC | PO BOX 3430 CARMEL, IN 460823430 | UNITEDHEALTHCARE INSURANCE COMPANY | $917 | — | $917 | 0.02% |
| NFP INSURANCE SERVICES INC3 Filed as: APEX BENEFITS GROUP INC | 9400 PRIORITY WAY WEST DR INDIANAPOLIS, IN 462401470 | UNITEDHEALTHCARE INSURANCE COMPANY | -$653 | — | -$653 | -0.01% |
| M J INSURANCE INC.3 Filed as: M-J INSURANCE, INC. | PO BOX 3430 CARMEL, IN 460823430 | RELIASTAR LIFE INSURANCE COMPANY | $27K | — | $27K | 6.41% |
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 | 392 | 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) | 392 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITEDHEALTHCARE INSURANCE COMPANY | 688 | $4.6M |
| Life insurance | RELIASTAR LIFE INSURANCE COMPANY | 693 | $422K |
| Short-term disability | RELIASTAR LIFE INSURANCE COMPANY | 693 | $422K |
| Long-term disability | RELIASTAR LIFE INSURANCE COMPANY | 693 | $422K |
| Other | RELIASTAR LIFE INSURANCE COMPANY | 693 | $422K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 693 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.