| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MIDWESTERN INS ASSOC AGY INC3 Filed as: MIDWESTERN INS ASSOCS INC | PO BOX 410 MINIER, IL 61759 | UNITED HEATH CARE INSURANCE COMPANY | $4K | $58K | $62K | 4.27% |
| MUTUAL MED INS SERVICES LLC3 | 4321 E 60TH ST DAVENPORT, IA 52807 | UNITED HEATH CARE INSURANCE COMPANY | $199 | $14K | $14K | 0.98% |
| MIDWESTERN INS ASSOC AGY INC3 Filed as: MIDWESTERN INS ASSOC AGY | 120 S MAIN ST MINIER, IL 61759 | PRINCIPAL LIFE INSURANCE COMPANY | $6K | $334 | $6K | 11.82% |
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 | 146 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 3 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 149 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITED HEATH CARE INSURANCE COMPANY | 314 | $1.5M |
| Vision(2 contracts, 2 carriers) | UNITED HEATH CARE INSURANCE COMPANY | 472 | $1.5M |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 472 | $55K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 472 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.
Final-filing indicator set. Plan is winding down; don't waste sales effort here.