| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| M J INSURANCE INC.3 | PO BOX 3430 CARMEL, IN 46082 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $63K | $7K | $70K | 11.16% |
| M J INSURANCE INC.3 | PO BOX 3430 CARMEL, IN 46082 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $53K | $6K | $59K | 11.10% |
| M J INSURANCE INC.3 Filed as: M-J INSURANCE, INC. | 9225 PRIORITY WAY WEST DR STE 100 INDIANAPOLIS, IN 46240 | RELIASTAR LIFE INSURANCE COMPANY | $35K | — | $35K | 6.55% |
| STEELE INSURANCE AND FINANCIAL SERV3 Filed as: STEELE INSURANCE & FINANCIAL SERV. | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 46234 | RELIASTAR LIFE INSURANCE COMPANY | $27K | — | $27K | 5.00% |
| M J INSURANCE INC.3 | PO BOX 3430 CARMEL, IN 46082 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $30K | $3K | $34K | 11.12% |
| M J INSURANCE INC.3 | 9225 PRIORITY WAY WEST DRIVE INDIANAPOLIS, IN 46240 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $14K | — | $14K | 8.57% |
| M J INSURANCE INC.3 | PO BOX 3430 INDIANAPOLIS, IN 46082 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $10K | $1K | $11K | 11.16% |
| M J INSURANCE INC.3 | PO BOX 3430 CARMEL, IN 46082 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | $207 | $3K | 15.95% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 Filed as: JAMES R. NELLIGAN & ASSOCIATES, LLC | 11 MARISSA DRIVE NEW EGYPT, NJ 08533 | ARCH INSURANCE GROUP | $2K | — | $2K | 14.97% |
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 | 1,545 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 31 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,576 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 2,640 | $159K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,638 | $631K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 182 | $304K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,642 | $534K |
| Other(4 contracts, 3 carriers) | RELIASTAR LIFE INSURANCE COMPANY | 1,578 | $663K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,640 | — |
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.