| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BROWN AND BROWN OF FLORIDA, INC.3 Filed as: BROWN AND BROWN OF WISCONSIN, LLC | 80 SOUTH 8TH STREET, SUITE 700 MINNEAPOLIS, MN 55042 | BLUE CROSS BLUE SHIELD OF WISCONSIN | $0 | $244K | $244K | 113.87% |
| BROWN AND BROWN OF FLORIDA, INC.3 Filed as: BROWN AND BROWN OF WISCONSIN, LLC | 1200 NORTH MAYFAIR ROAD, SUITE 100 MILWAUKEE, WI 53226 | THE GUARDIAN INSURANCE COMPANY OF AMERICA | $0 | $5K | $5K | 4.02% |
| WATCHTOWER BENEFITS, LLC3 | 2734 NORTH MILDRED AVENUE, SUITE 3 CHICAGO, IL 60618 | THE GUARDIAN INSURANCE COMPANY OF AMERICA | $2K | — | $2K | 1.50% |
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 | 420 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 420 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | BLUE CROSS BLUE SHIELD OF WISCONSIN | 503 | $214K |
| Vision | BLUE CROSS BLUE SHIELD OF WISCONSIN | 503 | $214K |
| Life insurance | THE GUARDIAN INSURANCE COMPANY OF AMERICA | 383 | $135K |
| Long-term disability | THE GUARDIAN INSURANCE COMPANY OF AMERICA | 383 | $135K |
| Other(2 contracts, 2 carriers) | THE GUARDIAN INSURANCE COMPANY OF AMERICA | 420 | $142K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 503 | — |
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.