| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NORTHERN INSURANCE SERVICES LTD3 Filed as: NORTHERN INSURANCE GROUP LTD | 316 FRANKLIN ST MORRIS, IL 604502218 | UNITEDHEALTHCARE INSURANCE COMPANY | $325 | $8K | $9K | 3.58% |
| NORTHERN INSURANCE SERVICES LTD3 Filed as: NORTHERN INSURANCE GROUP LTD | 114 W NORTH ST MORRIS, IL 604501833 | HUMANA INSURANCE COMPANY | $3K | — | $3K | 7.70% |
| INSGROUP INC3 Filed as: NORTHERN INSURANCE GROUP CHICAGO | 5153 N CLARK ST. CHICAGO, IL 60640 | HUMANA INSURANCE COMPANY | -$656 | — | -$656 | -1.80% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CHICAGO FEDERATION OF MUSICIANS EIN 36-0899620 SPONSOR | Contract Administrator Service code 13 | — | $62K |
| LEGACY PROFESSIONALS LLP EIN 32-0043599 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.); Accounting (including auditing) Service code 10 | — | $20K |
| MORGAN STANLEY NONE | Custodial (securities); Investment management; Investment advisory (plan) Service code 19 | 227 W. MONROE, STE. 3400 CHICAGO, IL 60606 | $7K |
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 | 34 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 34 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITEDHEALTHCARE INSURANCE COMPANY | 59 | $238K |
| Dental | HUMANA INSURANCE COMPANY | 46 | $36K |
| Vision | HUMANA INSURANCE COMPANY | 46 | $36K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 59 | — |
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.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.