| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ADVANTAGE BENEFITS GROUP3 Filed as: ADVANTAGE BENEFITS GROUP INC | 1 IONIA AVENUE SW SUITE 300 GRAND RAPIDS, MI 49503 | DELTA DENTAL OF MICHIGAN | $4K | — | $4K | 4.96% |
| ADVANTAGE BENEFITS GROUP3 Filed as: ADVANTAGE BENEFITS GROUP INC | 1 IONIA AVENUE SW SUITE 300 GRAND RAPIDS, MI 495034145 | METROPOLITAN LIFE INSURANCE COMPANY | $9K | $191 | $9K | 14.17% |
| ADVANTAGE BENEFITS GROUP3 | 1 IONIA AVE SW SUITE 300 GRAND RAPIDS, MI 49503 | EYEMED VISION CARE - FIDELITY SECURITY LIFE INS CO | $217 | — | $217 | 10.17% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| APOSTROPHE, INC EIN 81-3126593 TPA | Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator; Direct payment from the plan; Claims processing; Plan Administrator Service code 12 | 3858 WALNUT STREET SUITE 101 DENVER, CO 80205 | $93K |
| THE HILB GROUP OF NC EIN 27-2838842 | Direct payment from the plan; Insurance agents and brokers; Insurance services; Other services Service code 22 | DBA LAKE NORMAN BENEFITS 150 FAIRVIEW RD STE 320 MOORESVILLE, NC 28117 | $65K |
| CASTIA RX EIN 47-0764793 PBM - RX BENEFIT MGR | Direct payment from the plan; Contract Administrator; Claims processing; Recordkeeping and information management (computing, tabulating, data processing, etc.); Other fees Service code 12 | PO BOX 407 BOYS TOWN, NE 68010 | $2K |
| ADVANTAGE BENEFITS GROUP INC INSURANCE AGENT / BROKER | Insurance brokerage commissions and fees; Other fees; Insurance agents and brokers; Other commissions; Non-monetary compensation Service code 22 | 1 IONIA AVE SW SUITE 300 GRAND RAPIDS, MI 49503 | $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 | 202 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 205 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF MICHIGAN | 317 | $86K |
| Vision | EYEMED VISION CARE - FIDELITY SECURITY LIFE INS CO | 284 | $2K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 240 | $66K |
| Stop-loss / reinsurancereinsurance | ATLANTIC SPECIALTY INSURANCE COMPANY | 181 | $274K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 240 | $66K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 317 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
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.