| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HALEY WARD & ASSOCIATES CORP3 Filed as: HALEY WARD & ASSOCIATES CORPORATION | RICHARD WARD PO BOX 216 BAD AXE, MI 484130216 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $14K | — | $14K | 4.40% |
| HALEY WARD & ASSOCIATES CORP3 Filed as: HALEY WARD & ASSOCIATES CORPORATION | RICHARD WARD PO BOX 216 BAD AXE, MI 484130216 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $10K | — | $10K | 4.41% |
| COVERYS INS SVCS INC3 Filed as: COVERYS INSURANCE SERVICES INC. | 3100 WEST ROAD BLDG 1 SUITE 200 EAST LANSING, MI 48823 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $8K | — | $8K | 5.00% |
| COVERYS INS SVCS INC3 | 3100 WEST RD BLDG 1 SUITE 200 EAST LANSING, MI 48823 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $12K | — | $12K | 15.00% |
| COVERYS INS SVCS INC3 | 3100 WEST RD BLDG 1 SUITE 200 EAST LANSING, MI 48823 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $8K | — | $8K | 15.00% |
| COVERYS INS SVCS INC3 Filed as: COVERYS INSURANCE SERVICES INC. | 3100 WEST ROAD BLDG 1 SUITE 200 EAST LANSING, MI 48823 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $3K | — | $3K | 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 | 367 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 1 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 368 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts) | BLUE CROSS BLUE SHIELD OF MICHIGAN | 60 | $551K |
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 376 | $25K |
| Short-term disability | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 375 | $157K |
| Long-term disability | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 107 | $53K |
| Other(3 contracts) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 376 | $265K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 376 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.