| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENICO LTD3 Filed as: BENICO, LTD | 11715 E MAIN STREET PO BOX 8 HUNTLEY, IL 60142 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $16K | — | $16K | 10.00% |
| BENICO LTD3 Filed as: BENICO, LTD | 11715 E MAIN STREET PO BOX 8 HUNTLEY, IL 60142 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $11K | — | $11K | 10.00% |
| BENEFIT EDUCATORS LLC3 | 2516 WAUKEGAN RD STE 357 GLENVIEW, IL 60025 | RELIASTAR LIFE INSURANCE COMPANY | $28K | — | $28K | 38.99% |
| BENICO LTD3 | 11715 MAIN ST HUNTLEY, IL 60142 | RELIASTAR LIFE INSURANCE COMPANY | $19K | — | $19K | 25.99% |
| GPA3 | 12770 MERIT DRIVE DALLAS, TX 75251 | HCC LIFE | — | $2K | $2K | 4.00% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 3 PARKWAY N STE 500 DEERFIELD, IL 60015 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | — | $1K | $1K | 3.59% |
| BENICO LTD3 Filed as: BENICO, LTD | 11715 E MAIN STREET PO BOX 8 HUNTLEY, IL 60142 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 10.00% |
| BENICO LTD3 Filed as: BENICO, LTD | 11715 E MAIN STREET PO BOX 8 HUNTLEY, IL 60142 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $530 | — | $530 | 14.99% |
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 | 422 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 67 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 490 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 339 | $29K |
| Vision | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 339 | $29K |
| Life insurance(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 422 | $233K |
| Short-term disability | RELIASTAR LIFE INSURANCE COMPANY | 371 | $72K |
| Long-term disability(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 422 | $180K |
| Stop-loss / reinsurancereinsurance | GERBER LIFE | 315 | $778K |
| Other(5 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 422 | $302K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 422 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.