| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARY WHITT COBALT BENEFITS, INC.3 Filed as: MARY E WHITT COBALT BENEFITS, INC | 22615 STATE ROAD 120 ELKHART, IN 46516 | HCC LIFE INSURANCE COMPANY | $70K | $0 | $70K | 9.85% |
| PROFESSIONAL BENEFIT ADMINISTRATORS5 | 901 JORIE BLVD STE 250 OAK BROOK, IL 60523 | HCC LIFE INSURANCE COMPANY | $36K | $0 | $36K | 5.00% |
| MARY WHITT COBALT BENEFITS, INC.3 Filed as: MARY E WHITT COBALT BENEFITS INC | 22615 STATE ROAD 120 ELKHART, IN 46516 | UNITED HEALTHCARE INSURANCE COMPANY | $2K | $0 | $2K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PROFESSIONAL BENEFIT ADMINISTRATORS EIN 36-3384135 THIRD PARTY ADMINISTRATOR | Contract Administrator; Claims processing Service code 12 | 900 JORIE BLVD STE 250 OAK BROOK, IL 60523 | $87K |
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 | 183 | 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) | 183 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HCC LIFE INSURANCE COMPANY | 183 | $712K |
| Prescription drug | HCC LIFE INSURANCE COMPANY | 183 | $712K |
| Stop-loss / reinsurancereinsurance | HCC LIFE INSURANCE COMPANY | 183 | $712K |
| Other | UNITED HEALTHCARE INSURANCE COMPANY | 183 | $19K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 183 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.