No brokers reported on this filing.
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFITS MANAGEMENT GROUP, INC EIN 20-0188125 NONE | Plan Administrator; Direct payment from the plan Service code 14 | — | $255K |
| MERRILL LYNCH EIN 13-5674085 NONE | Distribution (12b-1) fees; Investment management fees paid directly by plan; Investment management fees paid indirectly by plan; Sub-transfer agency fees; Non-monetary compensation; Other services; Securities brokerage commissions and fees; Direct payment from the plan; Custodial (other than securities) Service code 18 | — | $110K |
| INETICO, LLC DBA VALENZ CARE EIN 36-4869660 NONE | Consulting (general); Other services; Direct payment from the plan Service code 16 | — | $110K |
| KERBER, ECK & BRAECKEL LLP EIN 43-0352985 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $66K |
| CAVANAGH & O'HARA EIN 37-1259635 NONE | Insurance services; Direct payment from the plan Service code 23 | — | $61K |
| LABOR FIRST, LLC EIN 06-1750191 NONE | Insurance services; Direct payment from the plan Service code 23 | — | $56K |
| TFBC, LLC EIN 27-3782504 NONE | Consulting (general); Direct payment from the plan Service code 16 | — | $41K |
| FOSTER & FOSTER EIN 59-1921114 NONE | Direct payment from the plan; Consulting (general) Service code 16 | — | $25K |
| AMALGAMATED BANK OF CHICAGO EIN 36-0721895 NONE | Direct payment from the plan; Other services Service code 49 | — | $9K |
| JP MORGAN CHASE EIN 13-4994650 NONE | Direct payment from the plan; Other services; Claims processing Service code 12 | — | $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 | 716 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 262 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 978 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD | 1,716 | $8.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,716 | — |
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.
Broker comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.
Filing reports zero broker compensation on a plan over 100 participants. Likely direct-write or unreported — worth a knock.