| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WHEELER ASSOCIATES3 | — | BLUELINK | $6K | — | $6K | 1.10% |
| WHEELER ASSOCIATES3 | 324 W. SUPERIOR ST. STE 100 DULUTH, MN 55802 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | — | $5K | 15.00% |
| WHEELER ASSOCIATES3 | 324 W. SUPERIOR ST STE 100 DULUTH, MN 55802 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | — | $3K | 15.00% |
| WHEELER ASSOCIATES3 Filed as: WHEELER ASSOCIATES FINANCIAL SERV. | 324 W. SUPERIOR STREET SUITE 1000 DULUTH, MN 55802 | NATIONAL GUARDIAN LIFE INSURANCE COMPANY | $1K | — | $1K | 10.00% |
| WHEELER ASSOCIATES3 | 324 W. SUPERIOR ST STE 1000 DULUTH, MN 55802 | UNUM INSURANCE COMPANY | $608 | — | $608 | 6.06% |
| WHEELER ASSOCIATES3 | 324 W. SUPERIOR ST STE 100 DULUTH, MN 55802 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $658 | — | $658 | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUELINK EIN 23-2184623 TPA | Claims processing Service code 12 | — | $42K |
| SUN LIFE ASSURANCE CO. OF CANADA EIN 38-1082080 TPA | Claims processing; Other fees Service code 12 | 2323 GRAND BOULEVARD KANSAS CITY, MO 641082670 | $4K |
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 | 119 | 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) | 120 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUELINK | 114 | $540K |
| Vision | NATIONAL GUARDIAN LIFE INSURANCE COMPANY | 73 | $12K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 121 | $34K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 120 | $21K |
| Prescription drug | BLUELINK | 114 | $540K |
| Stop-loss / reinsurancereinsurance | BLUELINK | 114 | $540K |
| Other(2 contracts, 2 carriers) | UNUM INSURANCE COMPANY | 120 | $14K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 121 | — |
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."
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.