| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MJ INSURANCE3 Filed as: MJ INSURANCE INC. | 9225 PRIORITY WAY W DRIVE STE 100 INDIANAPOLIS, IN 46240 | SYMETRA LIFE INSURANCE COMPANY | $23K | $11K | $34K | 8.95% |
| MJ INSURANCE3 Filed as: MJ INSURANCE INC | 9225 PRIORITY WAY W DRIVE STE 100 INDIANAPOLIS, IN 46240 | GUARDIAN | — | $2K | $2K | 3.92% |
| GREGORY & APPEL, INC.3 Filed as: GREGORY AND APPEL, INC | 1402 N CAPITOL, SUITE 400 INDIANAPOLIS, IN 46202 | FEDERAL INSURANCE COMPANY | $279 | — | $279 | 15.00% |
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 | 709 | 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) | 709 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | GUARDIAN | 708 | $41K |
| Vision | VISION SERVICE PLAN | 584 | $179K |
| Life insurance | SYMETRA LIFE INSURANCE COMPANY | 709 | $380K |
| Long-term disability | SYMETRA LIFE INSURANCE COMPANY | 709 | $380K |
| Other(3 contracts, 3 carriers) | SYMETRA LIFE INSURANCE COMPANY | 709 | $452K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 709 | — |
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.