| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARK W SMITH3 | 11281 CROOKED LAKE RD NE ROCKFORD, MI 49341 | PRIORITY HEALTH | $64K | — | $64K | 5.00% |
| MARK W SMITH3 | 11281 CROOKED LAKE RD NE ROCKFORD, MI 49341 | PRIORITY HEALTH | $45K | — | $45K | 5.00% |
| MW SMITH & ASSOCIATES, LLC3 Filed as: MW SMITH & ASSOCIATES LLC | 11281 CROOKED LAKE RD ROCKFORD, MI 49341 | PRINCIPAL LIFE INSURANCE COMPANY | $10K | — | $10K | 10.52% |
| MARK W SMITH3 | 11281 CROOKED LAKE RD ROCKFORD, MI 49341 | DELTA DENTAL OF MICHIGAN | $4K | — | $4K | 4.73% |
| MW SMITH & ASSOCIATES, LLC3 Filed as: M. W. SMITH & ASSOCIATES, LLC | 6440 EAST FULTON, #200 ADA, MI 49301 | EYEMED VISION CARE | $2K | — | $2K | 10.03% |
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 | 208 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 208 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts) | PRIORITY HEALTH | 223 | $2.2M |
| Dental | DELTA DENTAL OF MICHIGAN | 336 | $85K |
| Vision | EYEMED VISION CARE | 305 | $20K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 297 | $99K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 297 | $99K |
| Prescription drug(2 contracts) | PRIORITY HEALTH | 223 | $2.2M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 336 | — |
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.