| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| JACK GARY HENDON JR CRPC CPA3 | 2723 S STATE ST STE 150 ANN ARBOR, MI 481046188 | RIVERSOURCE LIFE INSURANCE COMPANY | $33 | — | $33 | — |
| JAMIE THOMAS MAY CFP3 | 2723 S. STATE ST STE 150 ANN ARBOR, MI 481046188 | RIVERSOURCE LIFE INSURANCE COMPANY | $32 | — | $32 | — |
| DANA LEE WALES CFP3 | 505 PLEASANT ST STE 200 ST JOSEPH, MI 490851269 | RIVERSOURCE LIFE INSURANCE COMPANY | $2 | — | $2 | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC EIN 34-1479833 NONE | Recordkeeping fees; Investment advisory (participants); Direct payment from the plan; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $68K |
| STRATEGIES WEALTH ADVISORS LLC EIN 46-1428191 NONE | Direct payment from the plan; Investment advisory (participants) Service code 26 | — | $22K |
| GREENLEAF TRUST EIN 38-3416104 NONE | Investment management; Direct payment from the plan Service code 28 | — | $22K |
| EXCHANGE CAPITAL MANAGEMENT EIN 38-2901720 NONE | Direct payment from the plan; Investment advisory (participants) Service code 26 | — | $16K |
| CHARLES SCHWAB & CO., INC. EIN 94-1737782 NONE | Securities brokerage; Direct payment from the plan; Shareholder servicing fees; Securities brokerage commissions and fees; Float revenue Service code 33 | — | $2K |
| CHARLES SCHWAB & CO. INC. AND AFFIL | Shareholder servicing fees Service code 59 | — | $0 |
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 | 138 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 35 | Vested but not currently using benefits. |
| Beneficiaries receiving benefits | 1 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 174 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | RIVERSOURCE LIFE INSURANCE COMPANY | 1 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1 | — |
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.