| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| JFP BENEFIT MANAGEMENT INC3 | 100 S JACKSON ST STE 200 JACKSON, MI 49201 | STANDARD INSURANCE COMPANY | $4K | — | $4K | 3.40% |
| JFP BENEFIT MANAGEMENT INC3 | PO BOX 189 JACKSON, MI 49204 | STANDARD INSURANCE COMPANY | $13K | — | $13K | 66.99% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MI EIN 38-2069753 TPA | Claims processing; Direct payment from the plan; Contract Administrator; Float revenue; Consulting (general); Insurance services; Non-monetary compensation; Recordkeeping and information management (computing, tabulating, data processing, etc.); Other fees Service code 12 | 950 TRADE CENTRE WAY PORTAGE, MI 49002 | $253K |
| JAMES F PICKFORD AGENT | Other commissions; Insurance brokerage commissions and fees; Insurance agents and brokers; Other fees; Non-monetary compensation Service code 22 | P O BOX 189 JACKSON, MI 49204 | $22K |
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 | 257 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 259 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | BLUE CROSS BLUE SHIELD OF MICHIGAN | 404 | $23K |
| Life insurance | STANDARD INSURANCE COMPANY | 242 | $119K |
| Long-term disability | STANDARD INSURANCE COMPANY | 153 | $20K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 404 | — |
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.