| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MORGAN PLANNING GROUP LLC3 | 100 SOUTH FIFTH STREET, SUITE 2300 MINNEAPOLIS, MN 55402 | CIGNA GROUP INSURANCE (LT DISABILITY) | $2K | — | $2K | 5.00% |
| MORGAN PLANNING GROUP LLC3 | 100 SOUTH FIFTH STREET, SUITE 2300 MINNEAPOLIS, MN 55402 | CIGNA GROUP INSURANCE (BASIC LIFE) | $908 | — | $908 | 5.00% |
| MORGAN PLANNING GROUP LLC3 | 100 SOUTH FIFTH STREET, SUITE 2300 MINNEAPOLIS, MN 55402 | CIGNA GROUP INSURANCE (ACCIDENTAL DEATH) | $297 | — | $297 | 4.99% |
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 | 296 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 296 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | CIGNA GROUP INSURANCE (BASIC LIFE) | 0 | $18K |
| Short-term disability | CIGNA GROUP INSURANCE (ST DISABILITY) | 0 | $115K |
| Long-term disability | CIGNA GROUP INSURANCE (LT DISABILITY) | 0 | $46K |
| Other | CIGNA GROUP INSURANCE (ACCIDENTAL DEATH) | 0 | $6K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 0 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.