| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MORGENSTERN, DAVID W3 Filed as: MORGENSTERN, DAVID W. | 1055 COACH LIGHT DR. BYRON CENTER, MI 49315 | PRIORITY HEALTH | $22K | — | $22K | 2.70% |
| MEADOWBROOK INC3 Filed as: MEADOWBROOK INC. | 26255 AMERICAN DRIVE SOUTHFIELD, MI 48034 | GUARDIAN | $10K | — | $10K | 3.90% |
| DAVID W MORGENSTERN3 Filed as: DAVID MORGENSTERN | 1055 COACH LIGHT DR. BYRON CENTER, MI 49315 | GRAND VALLEY HEALTH PLAN | $73K | — | $73K | 103.35% |
| DAVID W MORGENSTERN3 Filed as: DAVID W. MORGENSTERN | 4808 BROADMOOR SE GRAND RAPIDS, MI 49512 | BLUE CROSS BLUE SHIELD | $1K | $59 | $1K | 5.16% |
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 | 155 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 155 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts, 3 carriers) | PRIORITY HEALTH | 262 | $898K |
| Dental | GUARDIAN | 112 | $259K |
| Life insurance | GUARDIAN | 112 | $259K |
| Prescription drug(3 contracts, 3 carriers) | PRIORITY HEALTH | 262 | $898K |
| Other | GUARDIAN | 112 | $259K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 262 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.