| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| AUSTIN FINANCIAL GROUP LLC3 | 38500 WOODWARD AVENUE STE 360 BLOOMFIELD HILLS, MI 483045053 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $60K | $555 | $61K | 4.98% |
| DEAN E. AUSTIN3 Filed as: DEAN E AUSTIN | 38500 WOODWARD AVENUE SUITE 360 BLOOMFIELD HILLS, MI 483048304 | BLUE CARE NETWORK OF MICHIGAN | $10K | $105 | $10K | 5.02% |
| AUSTIN FINANCIAL GROUP LLC3 | 40950 WOODWARD AVE SUITE 360 BLOOMFIELD HILLS, MI 48304 | GUARDIAN INSURANCE GROUP | $24K | $5K | $29K | 17.52% |
| AUSTIN FINANCIAL GROUP LLC3 Filed as: AUSTIN BENEFITS GROUP | 38500 WOODWARD AVENUE BLOOMFIELD HILLS, MI 48304 | DELTA DENTAL OF MICHIGAN | $14K | — | $14K | 10.01% |
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 | 129 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 130 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF MICHIGAN | 192 | $1.4M |
| Dental | DELTA DENTAL OF MICHIGAN | 259 | $142K |
| Life insurance | GUARDIAN INSURANCE GROUP | 132 | $163K |
| Short-term disability | GUARDIAN INSURANCE GROUP | 132 | $163K |
| Long-term disability | GUARDIAN INSURANCE GROUP | 132 | $163K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 259 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.