| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RICHARDS BENEFITS & FINANCIAL3 Filed as: RICHARDS BENEFITS & FIN SERVICES | P.O. BOX 277 BEAVER DAM, WI 53916 | SUNLIFE MGIS | $10K | $60 | $10K | 7.82% |
| RICHARDS BENEFITS & FINANCIAL3 Filed as: RICHARDS BENEFITS & FIN SERVICES | P.O. BOX 277 BEAVER DAM, WI 53916 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $3K | $0 | $3K | 15.00% |
| RICHARDS BENEFITS & FINANCIAL3 Filed as: RICHARDS BENEFITS & FIN SERVICES | P,O,BOX 277 BEAVER DAM, WI 53916 | METROPOLITAN LIFE INSURANCE COMPANY | $560 | $0 | $560 | 70.26% |
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 | 260 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 260 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(3 contracts, 3 carriers) | SUNLIFE MGIS | 248 | $142K |
| Short-term disability(2 contracts, 2 carriers) | SUNLIFE MGIS | 248 | $124K |
| Long-term disability(2 contracts, 2 carriers) | SUNLIFE MGIS | 248 | $124K |
| Other(2 contracts, 2 carriers) | SUNLIFE MGIS | 248 | $124K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 248 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.