| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BRANDI FRANZ3 | 769 CHICAGO RD. FL 3 TROY, MI 49221 | BLUE CARE NETWORK OF MICHIGAN | $103K | — | $103K | 4.37% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK AAND COMPANY INC. | PO BOX 1801 ADRIAN, MI 49221 | BLUE CARE NETWORK OF MICHIGAN | — | $5K | $5K | 0.23% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & CO INC | 333 INDUSTRIAL DRIVE ADRIAN, MI 49221 | GUARDIAN | $34K | $4K | $39K | 15.36% |
| KAPNICK & COMPANY, INC.3 | 769 CHICAGO RD FL 3 TROY, MI 480838083 | BLUE CROSS AND BLUE SHIELD OF MICHIGAN | $7K | — | $7K | 4.16% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK & COMPANY INC | PO BOX 1081 ADRIAN, MI 49221 | BLUE CROSS AND BLUE SHIELD OF MICHIGAN | — | $400 | $400 | 0.22% |
| AGENT ALLIANCE CORPORATION3 Filed as: NO AGENT LISTED | — | EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC. | $187 | — | $187 | 0.41% |
| KAPNICK & COMPANY, INC.3 Filed as: KAPNICK INSURANCE GROUP | 333 INDUSTRIAL DRIVE ADRIAN, MI 49221 | NATIONAL VISION ADMINISTRATORS, LLC | $2K | — | $2K | 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 | 320 | 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. |
| Total participants (= "Plan participants" tile) | 320 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CARE NETWORK OF MICHIGAN | 416 | $2.5M |
| Dental | GUARDIAN | 320 | $253K |
| Vision | NATIONAL VISION ADMINISTRATORS, LLC | 385 | $21K |
| Life insurance | GUARDIAN | 320 | $253K |
| Short-term disability | GUARDIAN | 320 | $253K |
| Long-term disability | GUARDIAN | 320 | $253K |
| Prescription drug | EMPLOYEE HEALTH INSURANCE MANAGEMENT, INC. | 14 | $45K |
| Other | GUARDIAN | 320 | $253K |
| 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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.