| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $2K | — | $2K | 3.30% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $424 | — | $424 | 0.70% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $2K | — | $2K | 4.02% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $1K | — | $1K | 2.15% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $7K | — | $7K | 18.18% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $2K | — | $2K | 3.82% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $1K | — | $1K | 8.08% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $333 | — | $333 | 1.92% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DR EAGAN, MN 55121 | RELIANCE STANDARD LIFE INSURANCE | $1K | — | $1K | 8.19% |
| TRUSTED ACRES3 Filed as: TRUSTED ACRES LLC | 8011 34TH AVE 5 STE 438 MINNEAPOLIS, MN 55425 | RELIANCE STANDARD LIFE INSURANCE | $311 | — | $311 | 1.81% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $894 | — | $894 | 8.14% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $204 | — | $204 | 1.86% |
| PHAROS EMPLOYEE BENEFITS INC3 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | RELIANCE STANDARD LIFE INSURANCE | $131 | — | $131 | 4.09% |
| TRUSTED ACRES3 | 8011 34TH AVENUE S #148 BLOOMINGTON, MN 55424 | RELIANCE STANDARD LIFE INSURANCE | $29 | — | $29 | 0.91% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PREFERRED ONE EIN 41-1846481 NONE | Claims processing; Contract Administrator Service code 12 | 6105 GOLDEN HILLS DRIVE GOLDEN VALLEY, MN 55416 | $102K |
| PHAROS EMPLOYEE BENEFITS NONE | Insurance agents and brokers Service code 22 | 2600 EAGAN WOODS DRIVE EAGAN, MN 55122 | $48K |
| TRUSTED ACRES EIN 82-3689697 NONE | Insurance agents and brokers Service code 22 | 8011 34TH AVE S SUITE 148 BLOOMINGTON, MN 55424 | $10K |
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 | 450 | 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) | 450 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | RELIANCE STANDARD LIFE INSURANCE | 148 | $17K |
| Life insurance | RELIANCE STANDARD LIFE INSURANCE | 409 | $49K |
| Short-term disability | RELIANCE STANDARD LIFE INSURANCE | 112 | $60K |
| Long-term disability | RELIANCE STANDARD LIFE INSURANCE | 87 | $40K |
| Other(3 contracts) | RELIANCE STANDARD LIFE INSURANCE | 120 | $31K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 409 | — |
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.