| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY & ASSOCIATES INC. | 3001 WESTOWN PKWY WEST DES MOINES, IA 50266 | SUN LIFE ASSURANCE COMPANY OF CANADA | $122K | $7K | $129K | 9.01% |
| BENEFIT ADVISORS SERVICES GROUP LLC3 Filed as: BENEFIT ADVISORS SERVICES GROUP | 1120 SANCTUARY PARKWAY SUITE 375 ALPHARETTA, GA 30009 | SUN LIFE ASSURANCE COMPANY OF CANADA | $14K | $0 | $14K | 1.00% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY AND ASSOC INC | 3001 WESTOWN PKWY WEST DES MOINES, IA 50266 | STANDARD INSURANCE COMPANY | $41K | $7K | $47K | 9.73% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY AND ASSOC INC | 3001 WESTOWN PKWY WEST DES MOINES, IA 50266 | STANDARD INSURANCE COMPANY | $14K | $4K | $18K | 6.49% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY & ASSOCIATES INC. | 3001 WESTOWN PARKWAY WEST DES MOINES, IA 50266 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $5K | $9K | $14K | 53.44% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| COMPASS PROFESSIONAL HEALTH SVCS EIN 35-2263629 NONE | Direct payment from the plan; Consulting fees Service code 50 | — | $58K |
| WELLMARK EIN 42-0318333 ADMINISTRATOR | Direct payment from the plan; Contract Administrator; Claims processing Service code 12 | — | $42K |
| ASSOCIATED BENEFITS CORPORATION EIN 42-1279416 PLAN ADMINISTRATOR | Direct payment from the plan; Plan Administrator Service code 14 | — | $13K |
| DELTA DENTAL EIN 42-0959302 ADMINISTRATOR | Direct payment from the plan; Claims processing; Contract Administrator Service code 12 | — | $9K |
| DELOITTE & TOUCHE LLP EIN 13-3891517 AUDITOR | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $9K |
| WELLS FARGO BANK, N.A. EIN 41-6257133 TRUSTEE BANK | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management fees paid indirectly by plan; Investment management Service code 21 | — | $0 |
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 | 1,102 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 28 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,130 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 703 | $157K |
| Life insurance | STANDARD INSURANCE COMPANY | 1,070 | $488K |
| Long-term disability(2 contracts, 2 carriers) | STANDARD INSURANCE COMPANY | 977 | $308K |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 1,040 | $1.4M |
| Other | STANDARD INSURANCE COMPANY | 1,070 | $488K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,070 | — |
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."
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.