| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MJ INSURANCE3 Filed as: MJ INSURANCE, INC. | 571 MONLON BLVD SUITE 400 CARMEL, IN 46032 | HARTFORD LIFE AND ACCIDENT | $355K | $64K | $419K | 14.72% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 Filed as: JAMES R. NELLIGAN & ASSOCIATES LLC | 1933 STATE ROUTE 35 SUITE 368 WALL TOWNSHIP, NJ 07719 | HARTFORD LIFE AND ACCIDENT | — | $108K | $108K | 3.81% |
| MJ INSURANCE3 Filed as: MJ INSURANCE INC. | 571 MONON BLVD SUITE 400 CARMEL, IN 46032 | UNITED HEALTHCARE INSURANCE COMPANY | $117K | — | $117K | 9.99% |
| M J INSURANCE INC.3 | PO BOX 3430 CARMEL, IN 46082 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $16K | — | $16K | 9.22% |
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 | 1,753 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 6 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,759 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | UNITED HEALTHCARE INSURANCE COMPANY | 1,753 | $1.2M |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 2,979 | $171K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 1,753 | $2.8M |
| Short-term disability | HARTFORD LIFE AND ACCIDENT | 1,753 | $2.8M |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 1,753 | $2.8M |
| Other | HARTFORD LIFE AND ACCIDENT | 1,753 | $2.8M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,979 | — |
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.
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.