| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ASR HEALTH BENEFITS3 | 3033 ORCHARD VISTA DR. SE GRAND RAPIDS, MI 49546 | SYMETRA | $106K | $0 | $106K | 19.00% |
| KAPNICK & COMPANY, INC.3 Filed as: A.E. MOURAD AGENCY, INC. | 28277 DEQUINDRE MADISON HEIGHTS, MI 48071 | HUMANA INSURANCE COMPANY | $12K | $0 | $12K | 8.12% |
| KAPNICK & COMPANY, INC.3 Filed as: A E MOURAD AGENCY INC | 28277 DEQUINDRE MADISON HEIGHTS, MI 48071 | METROPOLITAN LIFE INSURANCE COMPANY | $20K | $0 | $20K | 14.78% |
| KAPNICK & COMPANY, INC.3 Filed as: A.E. MOURAD AGENCY, INC | 28277 DEQUINDRE MADISON HEIGHTS, MI 48071 | COMPBENEFITS COMPANY | $679 | $0 | $679 | 9.73% |
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 | 638 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Beneficiaries receiving benefits | 0 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 638 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(2 contracts, 2 carriers) | HUMANA INSURANCE COMPANY | 290 | $149K |
| Vision | HUMANA INSURANCE COMPANY | 290 | $142K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 638 | $133K |
| Prescription drug | EMPLOYEE HEALTH INSURANCE MANAGEMENT | 783 | $0 |
| Stop-loss / reinsurancereinsurance | SYMETRA | 381 | $556K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 638 | $133K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 783 | — |
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.