| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHERILL MORGAN & ASSOCIATES3 Filed as: SHERILL D MORGAN & ASSOCIATES, INC. | 525 WEST FIFTH STREET, SUITE 310 COVINGTON, KY 41011 | COMPANION LIFE INSURANCE COMPANY | $691 | $0 | $691 | 9.41% |
| INDEPENDENT BENEFITS NETWORK INC3 Filed as: INDEPENDENT BENEFITS NETWORK, INC. | 7921 BROCK ROAD PLAIN CITY, OH 43064 | COMPANION LIFE INSURANCE COMPANY | $492 | $0 | $492 | 6.70% |
| TBP ADVISOR3 | 524 MARQUETTE DRIVE LOUSIVILLE, KY 40222 | COMPANION LIFE INSURANCE COMPANY | $293 | $0 | $293 | 3.99% |
| UNKNOWN3 | UNKNOWN EDINBURGH, IN 46124 | COMPANION LIFE INSURANCE COMPANY | $0 | $16 | $16 | 0.22% |
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 | 153 | 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) | 153 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | COMPANION LIFE INSURANCE COMPANY | 186 | $7K |
| Other | COMPANION LIFE INSURANCE COMPANY | 186 | $7K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 186 | — |
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 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.