| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BGRAND BENEFITS, LLC3 | 10 CAMPUS BLVD NEWTON SQUARE, PA 19073 | GUARDIAN | $31K | $0 | $31K | 8.56% |
| TRIBEN INSURANCE SOLUTIONS INC3 Filed as: TRIBEN INSURANCE SOLUTIONS | 24 E 2ND ST 1ST FLOOR MEDIA, PA 19063 | GUARDIAN | $24K | $2K | $26K | 7.14% |
| HAYS COMPANIES, INC.3 Filed as: HAYS COMPANIES INC. | 80 SOUTH 8TH STREET SUITE #700 MINNEAPOLIS, MN 55402 | DELTA DENTAL OF MINNESOTA | $33K | $0 | $33K | 10.77% |
| HAYS COMPANIES, INC.3 Filed as: HAYS COMPANIES, INC | 6711 COLUMBIA GATEWAY DR., STE 450 COLUMBIA, MD 21046 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $4K | $0 | $4K | 10.01% |
| DIRECT BENEFITS INC3 Filed as: DIRECT BENEFITS | 325 CEDAR STREET SAINT PAUL, MN 55101 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $1K | $0 | $1K | 3.00% |
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 | 1,016 | 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) | 1,016 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF MINNESOTA | 562 | $307K |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 467 | $45K |
| Life insurance | GUARDIAN | 574 | $365K |
| Short-term disability | GUARDIAN | 574 | $365K |
| Long-term disability | GUARDIAN | 574 | $365K |
| Other(2 contracts, 2 carriers) | GUARDIAN | 1,016 | $388K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,016 | — |
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.