| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SEE ATTACHED3 | — | AFLAC | $21K | $1K | $22K | 19.12% |
| BRAD L NEUGEBAUER3 | 101 W 69TH ST STE 200 SIOUX FALLS, SD 571082440 | PRINCIPAL LIFE INSURANCE COMPANY | $5K | — | $5K | 10.57% |
| ROGERS BENEFIT GROUP INC3 | 7310 N 16TH ST STE 226 PHOENIX, AZ 85020 | PRINCIPAL LIFE INSURANCE COMPANY | $2K | — | $2K | 3.45% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: HOWALT+MCDOWELL INSURANCE | A MARSH MCLENNAN AGENCY,LLC COMPANY 300 CHERAPA PLACE, SUITE 601 SIOUX FALLS, SD 57103 | PRINCIPAL LIFE INSURANCE COMPANY | $953 | — | $953 | 1.99% |
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 | 267 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 6 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 273 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | 216 | $1.6M |
| Dental | DELTA DENTAL OF SOUTH DAKOTA | 193 | $161K |
| Vision | VISION SERVICE PLAN | 217 | $6K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 267 | $48K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 267 | $48K |
| Prescription drug | WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | 216 | $1.6M |
| Other | AFLAC | 131 | $115K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 267 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.