| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FLINN FINANCIAL, INC.3 | 1150 BOYNE AVE BOYNE CITY, MI 49412 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $10K | $0 | $10K | 3.51% |
| FLINN FINANCIAL, INC.3 | 1150 BOYNE AVE BOYNE CITY, MI 49712 | SYMETRA LIFE INSURANCE COMPANY | $19K | $0 | $19K | 12.12% |
| BENEFIT ADMINISTRATIVE SYSTEMS, LLC5 | 17475 JOVANNA DR. HOMEWOOD, IL 60430 | UNITED STATES FIRE INSURANCE CO. | $694 | $0 | $694 | 1.00% |
| CROWN RISK MANAGEMENT, LLC3 Filed as: GREAT LAKES RISK MANAGEMENT | PO BOX 599 ROCKFORD, MI 49341 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | $0 | $1K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN EIN 38-2069753 TPA | Insurance services; Float revenue; Claims processing; Contract Administrator; Consulting (general); Other fees; Direct payment from the plan; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 12 | — | $184K |
| BENEFIT ADMINISTRATIVE SYSTEMS, LLC TPA | Consulting (general); Claims processing; Direct payment from the plan; Insurance services; Contract Administrator; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 12 | 17475 JOVANNA DRIVE HOMEWOOD, IL 60430 | $35K |
| FLINN FINANCIAL, INC. EIN 20-0504030 AGENT | Other commissions; Non-monetary compensation; Insurance agents and brokers; Insurance brokerage commissions and fees Service code 22 | — | $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 | 371 | 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. |
| Beneficiaries receiving benefits | 0 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 371 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | SYMETRA LIFE INSURANCE COMPANY | 371 | $160K |
| Short-term disability | SYMETRA LIFE INSURANCE COMPANY | 371 | $160K |
| Long-term disability | SYMETRA LIFE INSURANCE COMPANY | 371 | $160K |
| Stop-loss / reinsurancereinsurance(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF MICHIGAN | 317 | $368K |
| Other(2 contracts, 2 carriers) | SYMETRA LIFE INSURANCE COMPANY | 371 | $168K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 371 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.