| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LOCKTON COMPANIES, LLC Filed as: LOCKTON COMPANIES LLC | P.O. BOX 123042, DEPT 3042 DALLAS, TX 753123042 | GENWORTH LIFE INSURANCE COMPANY | $73K | — | $73K | 15.06% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD MICHIGAN EIN 38-2069753 TPA | Direct payment from the plan; Other fees; Contract Administrator; Claims processing; Float revenue; Insurance services; Consulting (general); Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 12 | 600 E LAFAYETTE BLVD DETROIT, MI 48226 | $3.2M |
| DELTA DENTAL OF MICHIGAN EIN 38-1791480 BENEFIT ADMINISTRATOR | Claims processing; Contract Administrator Service code 12 | 27500 STANSBURY BLVD FARMINGTON HILLS, MI 48334 | $275K |
| COMPSYCH EIN 36-3739783 EAP | Claims processing; Participant communication; Contract Administrator; Direct payment from the plan; Consulting (general) Service code 12 | NBC TOWER - 13TH FLOOR 455 N. CITYFRONT PLAZA DRIVE CHICAGO, IL 606115322 | $155K |
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 | 7,904 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 218 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 8,122 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | KAISER FOUNDATION HEALTH PLAN INC | 734 | $4.1M |
| Vision | VISION SERVICE PLAN | 5,555 | $1.6M |
| Life insurance | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 11,357 | $5.1M |
| Short-term disability | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 7,469 | $211K |
| Long-term disability | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | 7,771 | $2.1M |
| Other(4 contracts, 4 carriers) | GENWORTH LIFE INSURANCE COMPANY | 7,904 | $1.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 11,357 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.