| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| JFP BENEFIT MANAGEMENT INC3 Filed as: JFP BENEFIT MANAGEMENT | PO BOX 189 JACKSON, MI 49204 | FIDELITY SECURITY LIFE INS CO | $19K | — | $19K | 10.00% |
| DHR MANAGEMENT, LLC3 | 701 WHITE HORSE RD STE 3 VOOHEES, NJ 08043 | FIDELITY SECURITY LIFE INS CO | — | $19K | $19K | 10.00% |
| M3 INSURANCE SOLUTIONS INC3 Filed as: FIDELITY SECURITY LIFE INSURACE COM | 3130 BROADWAY KANSAS CITY, MO 64111 | FIDELITY SECURITY LIFE INS CO | — | $13K | $13K | 6.50% |
| EXCESS RISK SOLUTIONS3 | 1523 DALE MABRY HWY #102 LUTZ, FL 33548 | FIDELITY SECURITY LIFE INS CO | — | $10K | $10K | 5.00% |
| D.W. VAN DYKE & CO., INC.3 | 2 CORPORATE DRIVE STE 642 SHELTON, CT 06484 | FIDELITY SECURITY LIFE INS CO | — | $2K | $2K | 1.00% |
| JFP BENEFIT MANAGEMENT INC3 Filed as: JFP BENEFIT MANAGEMENT, INC | 100 SOUTH JACKSON SUITE 200 JACKSON, MI 49204 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $806 | — | $806 | 10.00% |
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 | 223 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 223 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | FIDELITY SECURITY LIFE INS CO | 206 | $195K |
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 223 | $8K |
| Stop-loss / reinsurancereinsurance | FIDELITY SECURITY LIFE INS CO | 206 | $195K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 223 | — |
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."
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.