| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NORTH RISK PARTNERS LLC3 Filed as: NORTH RISK PARTNERS, LLC | 2048 SUPERIOR DRIVE NW ROCHESTER, MN 55901 | DELTA DENTAL OF IOWA | $3K | $2K | $5K | 4.65% |
| NORTH RISK PARTNERS LLC3 Filed as: NORTH RISK PARTNERS, LLC | 622 ROOSEVELT RD, STE 240 ST CLOUD, MN 56301 | UNUM LIFE INSURANCE CO OF AMERICA | $5K | $0 | $5K | 15.67% |
| BENEFIT SOLUTIONS INC3 | 425 2ND ST SE, STE 1150 CEDAR RAPIDS, IA 52401 | UNION SECURITY INSURANCE COMPANY | $153 | — | $153 | 16.38% |
| BENEFIT SOLUTIONS INC3 | 425 2ND ST SE, STE 1150 CEDAR RAPIDS, IA 52401 | UNION SECURITY INSURANCE COMPANY | $86 | — | $86 | 16.26% |
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 | 255 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 258 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | 168 | $1.2M |
| Dental | DELTA DENTAL OF IOWA | 144 | $97K |
| Life insurance | UNUM LIFE INSURANCE CO OF AMERICA | 82 | $30K |
| Short-term disability | UNION SECURITY INSURANCE COMPANY | 2 | $934 |
| Prescription drug | WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | 168 | $1.2M |
| Other(2 contracts, 2 carriers) | UNUM LIFE INSURANCE CO OF AMERICA | 82 | $31K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 168 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.