| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HUB INTERNATIONAL MIDWEST LIMITED3 Filed as: BERENDS HENDRICKS STUIT INS. | 3055 44TH ST SW GRANDVILLE, MI 49418 | COMPANION LIFE INSURANCE COMPANY | $610 | — | $610 | 12.66% |
| BENEFIT PROFILES INC3 Filed as: BENEFIT PROFILES | 500 CASCADE WEST PKWY SE SUITE 160 GRAND RAPIDS, MI 49546 | COMPANION LIFE INSURANCE COMPANY | $275 | — | $275 | 5.71% |
| AGENT ALLIANCE CORPORATION3 | 500 CASCADE WEST PKWY SE SUITE 160 GRAND RAPIDS, MI 49546 | COMPANION LIFE INSURANCE COMPANY | $30 | — | $30 | 0.62% |
| PETERSON MCGREGOR & ASSOCIATES INC.3 Filed as: PETERSON MCGREGOR & ASSOCIATES | 1368 BUSINESS PARK DR. TRAVERSE CITY, MI 49686 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | $254 | $0 | $254 | 7.50% |
| WRIGHT & ASSOCIATES INSURANCE GROUP3 Filed as: WRIGHT & ASSOCIATES INSURANCE | 401 W. FRONT ST. TRAVERSE CITY, MI 49684 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | $0 | $85 | $85 | 2.51% |
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 | 267 | 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) | 267 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(2 contracts, 2 carriers) | COMPANION LIFE INSURANCE COMPANY | 267 | $8K |
| Other | COMPANION LIFE INSURANCE COMPANY | 263 | $5K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 267 | — |
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.