| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| STRATEGIC EMPLOYEE BENEFIT SERVICES3 Filed as: STRATEGIC NON-MEDICAL SOLUTIONS LLC | 1 BEACON ST STE 17100 BOSTON, MA 021083107 | METROPOLITAN LIFE INSURANCE COMPANY | $3K | $23K | $26K | 1.93% |
| MFSM3 | 1125 NW COUCH ST STE 900 PORTLAND, OR 97209 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $341K | $76K | $417K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| EMPYREAN BENEFIT SOLUTIONS, INC. EIN 20-3029813 N/A | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $1.4M |
| BLUE CROSS BLUE SHIELD EIN 36-1236610 N/A | Claims processing Service code 12 | — | $1.3M |
| CVS CAREMARK EIN 51-0353040 N/A | Claims processing Service code 12 | — | $334K |
| METLIFE EIN 13-5581829 N/A | Claims processing Service code 12 | — | $110K |
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 | 0 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7,910 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 7,910 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 7,334 | $1.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 7,334 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
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.