| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PREFERRED BENEFIT CONCEPTS, INC.3 Filed as: PREFERRED BENEFIT CONCEPTS INC | 8881 AZTEC DR EDEN PRAIRIE, MN 55347 | METROPOLITAN LIFE INSURANCE COMPANY | $9K | — | $9K | 4.27% |
| LOCKTON COMPANIES, LLC3 Filed as: LOCKTON COMPANIES | 444 W 47TH STREET, SUITE 900 KANSAS CITY, MI 64112 | METROPOLITAN LIFE INSURANCE COMPANY | — | $52 | $52 | 0.03% |
| PREFERRED BENEFIT CONCEPTS, INC.3 Filed as: PREFERRED BENEFIT CONCEPT | 8881 AZTEC DR EDEN PRAIRIE, MN 55347 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | $8K | $13K | 6.58% |
| PREFERRED BENEFIT CONCEPTS, INC.3 Filed as: PREFERRED BENEFIT CONCEPT | 8881 AZTEC DR EDEN PRAIRIE, MN 55347 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $9K | $7K | $16K | 8.82% |
| GALLAGHER BENEFIT SERVICES, INC.3 Filed as: GALLAGHER BENEFIT SERVICES INC | 505 N BRAND BLVD STE 600 GLENDALE, CA 91203 | METROPOLITAN LIFE INSURANCE COMPANY | $4K | $41 | $4K | 3.08% |
| GALLAGHER BENEFIT SERVICES, INC.3 Filed as: GALLAGHER BENEFIT SERVICS INC | 2 PIERCE PL FL 14 ITASCA, IL 60143 | METROPOLITAN LIFE INSURANCE COMPANY | — | $2K | $2K | 1.38% |
| AREA FINANCIAL SERVICES INC.3 Filed as: AREA FINANCIAL SERVICES INC | 211 HARVEST LN STE 2 ALTOONA, WI 547201254 | METROPOLITAN LIFE INSURANCE COMPANY | $3K | — | $3K | 3.63% |
| PREFERRED BENEFIT CONCEPTS, INC.3 Filed as: PREFERRED BENEFIT CONCEPT | 8881 AZTEC DR EDEN PRAIRIE, MN 55347 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | $3K | $8K | 13.85% |
| ROBERT REED3 | 259 JOHN KNOX RD TALLAHASSE, FL 323036676 | HUMANA INSURANCE COMPANY | — | $661 | $661 | 4.95% |
| BARTON, FENSTERMAKER, WING & ASSOC3 Filed as: BARTON FENSTERMAKER WING & ASSOCIAT | 4458 LEGENDARY DR SUITE 350 DESTIN, FL 325415416 | HUMANA INSURANCE COMPANY | — | $526 | $526 | 3.94% |
| PREFERRED BENEFIT CONCEPTS, INC.3 Filed as: PREFERRED BENEFIT CONCEPT | 8881 AZTEC DR EDEN PRAIRIE, MN 55347 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $537 | $479 | $1K | 9.45% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS AND BLUE SHIELD OF MN EIN 41-0984460 NONE | Claims processing; Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator Service code 12 | PO BOX 64560 ST PAUL, MN 551640560 | $299K |
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 | 844 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 8 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 852 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(4 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 633 | $441K |
| Vision | HUMANA INSURANCE COMPANY | 19 | $13K |
| Life insurance(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 906 | $189K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 660 | $192K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 507 | $58K |
| Stop-loss / reinsurancereinsurance | BCBSM, INC. D.B.A. BLUE CROSS AND BLUE SHIELD OF MINNESOTA | 853 | $223K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 906 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.