| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| EXTERNAL AGENT3 | — | BLUE CARE NETWORK OF MICHIGAN | $16K | — | $16K | 4.23% |
| MANAGING AGENT3 | — | BLUE CARE NETWORK OF MICHIGAN | $4K | — | $4K | 0.94% |
| KANE MOSTYN INSURANCE AGENCY3 Filed as: KANE MOSTYN INSURANCE AGENCY INC. | 5777 W. MAPLE RD. STE 185 W. BLOOMFIELD, MI 48322 | PRINCIPAL LIFE INSURANCE COMPANY | $7K | — | $7K | 3.50% |
| FRANKLIN BENEFIT SOLUTIONS3 Filed as: FRANKLIN BENEFIT SOLUTIONS LLC | 2444 E. HILL RD. GRAND BLANC, MI 48439 | PRINCIPAL LIFE INSURANCE COMPANY | $3K | — | $3K | 1.81% |
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 | 123 | 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) | 123 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CARE NETWORK OF MICHIGAN | 44 | $384K |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 192 | $194K |
| Vision | BLUE CARE NETWORK OF MICHIGAN | 44 | $384K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 192 | $194K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 192 | $194K |
| Prescription drug | BLUE CARE NETWORK OF MICHIGAN | 44 | $384K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 192 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.