| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NFP INSURANCE SERVICES INC3 Filed as: APEX BENEFITS GROUP, INC. | 94000 PRIORITY WAY WEST DRIVE INDIANAPOLIS, IN 46240 | COMPANION LIFE INSURANCE COMPANY | $45K | — | $45K | 5.00% |
| NFP INSURANCE SERVICES INC3 Filed as: APEX BENEFITS GROUP INC. | 94000 PRIORITY WAY WEST DRIVE INDIANAPOLIS, IN 46240 | HCC LIFE INSURANCE COMPANY | $3K | — | $3K | 5.00% |
| NFP INSURANCE SERVICES INC3 Filed as: APEX BENEFITS GROUP INC. | 9400 PRIORITY WAY WEST DRIVE INDIANAPOLIS, IN 46240 | LINCOLN FINANCIAL GROUP | $4K | $5K | $8K | 18.67% |
| STEELE INSURANCE3 Filed as: STEELE BENEFIT SERVICES | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 46234 | LINCOLN FINANCIAL GROUP | — | $2K | $2K | 5.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PROFESSIONAL BENEFIT ADMINISTRATORS EIN 38-3668782 CLAIMS PROCESSOR | Direct payment from the plan; Claims processing Service code 12 | — | $390K |
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 | 686 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 689 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | LINCOLN FINANCIAL GROUP | 1,013 | $45K |
| Long-term disability | LINCOLN FINANCIAL GROUP | 1,013 | $45K |
| Stop-loss / reinsurancereinsurance | HCC LIFE INSURANCE COMPANY | 439 | $67K |
| Other(3 contracts, 3 carriers) | COMPANION LIFE INSURANCE COMPANY | 1,013 | $1.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,013 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.