| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ASR HEALTH BENEFITS3 | 618 KENMOOR AVENUE SUITE 200 GRAND RAPIDS, MI 48546 | COMPANION LIFE | — | $96K | $96K | 19.56% |
| CENTRO BENEFITS RESEARCH LLC3 | 325 N KIRKWOOD ROAD SUITE 300 KIRKWOOD, MO 63122 | NATIONAL GUARDIAN LIFE INSURANCE | $5K | — | $5K | 5.00% |
| BENEFIT PROFILES INC3 | 500 CASCADE WEST PARKWAY SUITE 160 GRAND RAPIDS, MI 49546 | NATIONAL GUARDIAN LIFE INSURANCE | -$579 | — | -$579 | -0.57% |
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 | 137 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 137 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | NATIONAL GUARDIAN LIFE INSURANCE | 315 | $95K |
| Vision | EYEMED VISION CARE ON BEHLAF OF THE FIDELITY SECURITY LIFE INSURANCE C | 328 | $14K |
| Life insurance | NATIONAL GUARDIAN LIFE INSURANCE | 144 | $101K |
| Short-term disability | NATIONAL GUARDIAN LIFE INSURANCE | 144 | $101K |
| Long-term disability | NATIONAL GUARDIAN LIFE INSURANCE | 144 | $101K |
| Stop-loss / reinsurancereinsurance | COMPANION LIFE | 137 | $491K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 328 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.