| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ASR HEALTH BENEFITS3 | 3033 ORCHARD VISTA DR. SE GRAND RAPIDS, MI 49546 | ARDELLIS | $226K | — | $226K | 17.97% |
| KAPNICK & COMPANY, INC.3 | 1201 BRIARWOOD CIRCLE ANN ARBOR, MI 481081690 | EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC. | $4K | — | $4K | 0.46% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC. | 1201 BRIARWOOD CIRCLE ANN ARBOR, MI 481081690 | HUMANA INSURANCE COMPANY | $20K | — | $20K | 7.84% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK AND COMPANY, INC. | 769 CHICAGO RD. TROY, MI 48083 | HARTFORD ACCIDENT AND LIFE INSURANCE COMPANY | $30K | — | $30K | 14.11% |
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 | 115 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 116 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | HUMANA INSURANCE COMPANY | 405 | $252K |
| Vision | HUMANA INSURANCE COMPANY | 405 | $252K |
| Life insurance | HARTFORD ACCIDENT AND LIFE INSURANCE COMPANY | 115 | $216K |
| Prescription drug | EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC. | 416 | $848K |
| Stop-loss / reinsurancereinsurance | ARDELLIS | 416 | $1.3M |
| Other | HARTFORD ACCIDENT AND LIFE INSURANCE COMPANY | 115 | $216K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 416 | — |
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.