| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ASSOCIATED FINANCIAL GROUP LLC3 Filed as: ASSOCIATED FINANCIAL GROUP, LLC | 6000 CLEARWATER DR MINNETONKA, MN 55343 | BCBSMN, INC DBA BLUE CROSS AND BLUE SHIELD OF MINNESOTA | $24K | $3K | $27K | 7.56% |
| ASSOCIATED FINANCIAL GROUP LLC3 Filed as: ASSOCIATED FINANCIAL GROUP, LLC | 6000 CLEARWATER DR MINNETONKA, MN 55343 | SUN LIFE ASSURANCE COMPANY OF CANADA | $8K | — | $8K | 7.14% |
| ASSOCIATED FINANCIAL GROUP LLC3 Filed as: ASSOCIATED FINANCIAL GROUP, LLC | 6000 CLEARWATER DR MINNETONKA, MN 55343 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $849 | — | $849 | 10.06% |
| DIRECT BENEFITS INC3 Filed as: DIRECT BENEFITS, INC | 55 E 5TH STREET, SUITE 500 ST PAUL, MN 55101 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $509 | — | $509 | 6.03% |
| ASSOCIATED FINANCIAL GROUP LLC3 Filed as: ASSOCIATED FINANCIAL GROUP, LLC | 6000 CLEARWATER DR MINNETONKA, MN 55343 | SUN LIFE ASSURANCE COMPANY OF CANADA | $169 | — | $169 | 5.42% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BCBSMN, INC EIN 41-0984460 INSURANCE CARRIER | Claims processing; Legal; Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator; Other fees Service code 12 | PO BOX 64560 ST PAUL, MN 55164 | $106K |
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 | 113 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 113 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BCBSMN, INC DBA BLUE CROSS AND BLUE SHIELD OF MINNESOTA | 269 | $358K |
| Dental | DDMN ASO, LLC | 315 | $7K |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 110 | $8K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 129 | $110K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 135 | $3K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 129 | $110K |
| Stop-loss / reinsurancereinsurance | BCBSMN, INC DBA BLUE CROSS AND BLUE SHIELD OF MINNESOTA | 269 | $358K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 315 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.