| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS LLC | 4565 PAYSPHERE CIRCLE CHICAGO, IL 60674 | MINNESOTA LIFE INSURANCE COMPANY | $7K | $2K | $8K | 0.54% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS LLC | 4565 PAYSPHERE CIR CHICAGO, IL 60674 | MINNESOTA LIFE INSURANCE COMPANY | $3K | $667 | $4K | 8.52% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SANDERSON ASSET MANAGEMENT EIN 13-4169008 N/A | Investment management fees paid directly by plan; Direct payment from the plan; Investment advisory (plan); Investment management Service code 27 | — | $469K |
| NORTHERN TRUST COMPANY EIN 36-1561860 N/A | Investment management; Investment advisory (plan); Float revenue; Direct payment from the plan; Trustee (bank, trust company, or similar financial institution); Investment management fees paid directly by plan Service code 21 | — | $404K |
| VULCAN VALUE PARTNERS EIN 39-2051712 N/A | Investment management; Investment management fees paid directly by plan; Direct payment from the plan Service code 28 | — | $353K |
| ABERDEEN ASSET MANAGEMENT, INC EIN 51-0368279 N/A | Custodial (securities); Investment management fees paid directly by plan; Account maintenance fees Service code 19 | — | $239K |
| EPOCH INVESTMENT PARTNERS EIN 20-1003862 N/A | Direct payment from the plan; Investment management fees paid directly by plan; Investment advisory (plan); Investment management Service code 27 | — | $183K |
| NISA INVESTMENT ADVISORS EIN 48-1140940 N/A | Investment management fees paid directly by plan; Direct payment from the plan; Investment advisory (plan) Service code 27 | — | $152K |
| WESTERN ASSET MANAGEMENT EIN 95-2705767 N/A | Investment management; Investment advisory (plan); Investment management fees paid directly by plan; Direct payment from the plan Service code 27 | — | $131K |
| LEGAL & GENERAL INVESTMENT EIN 20-8058531 N/A | Investment advisory (plan); Direct payment from the plan; Investment management fees paid directly by plan Service code 27 | — | $87K |
| NORTHERN TRUST QUANTITATIVE ADVISOR EIN 36-3608252 N/A | Direct payment from the plan; Investment advisory (plan); Investment management fees paid directly by plan Service code 27 | — | $24K |
| RS INVESTMENT MANAGEMENT EIN 94-3321067 N/A | Direct payment from the plan; Investment management fees paid directly by plan; Investment advisory (plan) Service code 27 | — | $17K |
| HEWITT ASSOCIATES LLC EIN 36-2235791 N/A | Investment management fees paid directly by plan; Other fees; Direct payment from the plan; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $5K |
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 | 6,401 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 5 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 6,406 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | KAISER FOUNDATION HEALTH PLANS, INC. | 253 | $1.5M |
| Life insurance(2 contracts) | MINNESOTA LIFE INSURANCE COMPANY | 4,996 | $1.6M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 4,996 | — |
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.
Broker comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.