| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $64K | $21K | $85K | 19.84% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $42K | $14K | $56K | 13.42% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $61K | $14K | $75K | 18.55% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $4K | $4K | 3.83% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $7K | $5 | $7K | 15.01% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $1K | $1K | 3.33% |
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 | 2,661 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 11 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 2,672 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF ILLINOIS | 1,942 | $1.2M |
| Life insurance(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,661 | $520K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,397 | $421K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,550 | $430K |
| Stop-loss / reinsurancereinsurance | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | 5,050 | $1.1M |
| Other(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,614 | $75K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 5,050 | — |
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.