| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| JFP BENEFIT MANAGEMENT INC3 | P O BOX 189 JACKSON, MI 49204 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $33K | $92K | $125K | 5.48% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC | 1201 BRIARWOOD CIRCLE ANN ARBOR, MI 48108 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $47K | — | $47K | 2.05% |
| JFP BENEFIT MANAGEMENT INC3 | P O BOX 189 JACKSON, MI 49204 | DELTA DENTAL OF MICHIGAN | $716 | $30K | $31K | 1.70% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC | 1201 BRIARWOOD CR ANN ARBOR, MI 48108 | DELTA DENTAL OF MICHIGAN | $3K | — | $3K | 0.18% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC | 333 INDUSTRIAL DR P O BOX 1801 ADRIAN, MI 49221 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $49K | — | $49K | 6.71% |
| JFP BENEFIT MANAGEMENT INC3 | P O BOX 189 JACKSON, MI 49204 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $36K | — | $36K | 4.96% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC | 333 INDUSTRIAL DR P O BOX 1801 ADRIAN, MI 49221 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | — | $4K | 4.95% |
| JFP BENEFIT MANAGEMENT INC3 | P O BOX 189 JACKSON, MI 49204 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 1.67% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN EIN 38-2069753 TPA | Contract Administrator; Recordkeeping and information management (computing, tabulating, data processing, etc.); Consulting (general); Insurance services; Float revenue; Claims processing; Other fees; Direct payment from the plan Service code 12 | — | $2.5M |
| JFP BENEFIT MANAGEMENT, INC EIN 38-2552425 BROKER AGENT | Insurance brokerage commissions and fees; Other commissions; Other fees; Insurance agents and brokers; Non-monetary compensation Service code 22 | P O BOX 189 JACKSON, MI 49204 | $194K |
| KAPNICK & COMPANY INC EIN 38-1902430 BROKER AGENT | Insurance agents and brokers; Non-monetary compensation; Other commissions; Other fees; Insurance brokerage commissions and fees Service code 22 | 1201 BRIARWOOD CR ANN ARBOR, MI 48108 | $103K |
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 | 3,238 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 3,238 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF MICHIGAN | 3,238 | $1.8M |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,238 | $729K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 190 | $5K |
| Stop-loss / reinsurancereinsurance | BLUE CROSS BLUE SHIELD OF MICHIGAN | 3,238 | $2.3M |
| Other | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,238 | $90K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,238 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.