| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GREGORY & APPEL, INC.3 Filed as: GREGORY & APPEL INC | 1402 N CAPITOL AVE STE 400 INDIANAPOLIS, IN 46202 | AMERICAN UNITED LIFE INSURANCE COMPANY | $14K | — | $14K | 8.88% |
| GREGORY & APPEL, INC.3 Filed as: GREGORY & APPEL INC | 1402 N CAPITOL AVE STE 400 INDIANAPOLIS, IN 46202 | VISION SERVICE PLAN | $3K | — | $3K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UMR EIN 38-1995276 NONE | Contract Administrator Service code 13 | 115 W WAUSAU AVE WAUSAU, WI 54401 | $224K |
| SOMERSET CPAS, P.C. EIN 20-1717681 NONE | Accounting (including auditing) Service code 10 | 3925 RIVER CROSSING PARKWAY STE 300 INDIANAPOLIS, IN 46240 | $10K |
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 | 326 | 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) | 326 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 211 | $35K |
| Life insurance | AMERICAN UNITED LIFE INSURANCE COMPANY | 326 | $158K |
| Long-term disability | AMERICAN UNITED LIFE INSURANCE COMPANY | 326 | $158K |
| Other | AMERICAN UNITED LIFE INSURANCE COMPANY | 326 | $158K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 326 | — |
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.