| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MACQUEEN INSURANCE GROUP3 | 2191 12 MILE ROAD BERKLEY, MI 480721825 | HCC | $18K | — | $18K | 9.16% |
| MACQUEEN INSURANCE GROUP3 | 2191 12 MILE ROAD BERKLEY, MI 480721825 | ONE AMERICA | $3K | — | $3K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ZELIS NONE | Direct payment from the plan; Participant communication; Other services; Consulting (pension) Service code 17 | 2 CROSSROADS DRIVE BEDMINSTER, NJ 07920 | $113K |
| BENESYS INC EIN 38-6058023 NONE | Participant communication; Copying and duplicating; Other services; Contract Administrator; Direct payment from the plan Service code 13 | — | $89K |
| NOVARA TESIJA CATENACCI NONE | Legal; Direct payment from the plan Service code 29 | 888 WEST BIG BEAVER SUITE #600 TROY, MI 48084 | $53K |
| HINES & ASSOCIATES EIN 36-3545085 NONE | Direct payment from the plan; Other fees; Other services Service code 49 | — | $52K |
| MORGAN STANLEY EIN 26-4310632 NONE | Custodial (securities); Securities brokerage; Other services; Investment advisory (plan); Direct payment from the plan Service code 19 | — | $18K |
| WRUBEL WESLEY AND COMPANY CPAS EIN 38-2574238 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $12K |
| COMERICA BANK EIN 38-0477375 NONE | Other services; Direct payment from the plan; Participant communication Service code 38 | — | $7K |
| UNITED ACTUARIAL SERVICES NONE | Direct payment from the plan Service code 50 | 11590 NORTH MERIDAN STREET CARMEL, IN 460324529 | $7K |
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 | 393 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 47 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 2 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 442 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | ONE AMERICA | 359 | $23K |
| Stop-loss / reinsurancereinsurance | HCC | 327 | $200K |
| Other(2 contracts) | HEALTH ALLIANCE PLAN OF MICHIGAN | 759 | $88K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 759 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.