| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MJ INSURANCE3 Filed as: MJ INSURANCE INC. | 571 MONON TRAIL CARMEL, IN 46082 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $28K | $12K | $41K | 9.60% |
| STEELE INSURANCE3 Filed as: STEELE INS. & FINANCIAL SERVICES | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 46234 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | $20K | $20K | 4.74% |
| MJ INSURANCE3 Filed as: MJ INSURANCE INC | 9225 PRIORITY WAY W DRIVE STE 100 INDIANAPOLIS, IN 46240 | GUARDIAN | — | $91 | $91 | 0.24% |
| GREGORY & APPEL, INC.3 Filed as: GREGORY AND APPEL, INC | 1402 N CAPITOL, SUITE 400 INDIANAPOLIS, IN 46202 | FEDERAL INSURANCE COMPANY | $321 | — | $321 | 17.26% |
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 | 646 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 12 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 658 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | GUARDIAN | 709 | $38K |
| Vision | VISION SERVICE PLAN | 606 | $176K |
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 714 | $424K |
| Long-term disability | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 714 | $424K |
| Other(3 contracts, 3 carriers) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 714 | $500K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 714 | — |
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.