| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GROUP BENEFIT PARTNERS LLC3 Filed as: GROUP BENEFIT PARTNERS | PO BOX 133 FORT MADISON, IA 52627 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | — | $0 | 0.00% |
| GROUP BENEFIT PARTNERS LLC3 Filed as: GROUP BENEFIT PARTNERS | PO BOX 133 FORT MADISON, IA 52627 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | — | $0 | 0.00% |
| SELECT NETWORKS5 | 317 6TH AVE DES MOINES, IA 50309 | FIDELITY SECURITY LIFE INSURANCE COMPANY | — | — | $0 | 0.00% |
| GROUP BENEFIT PARTNERS LLC3 Filed as: GROUP BENEFIT PARTNERS | PO BOX 133 FORT MADISON, IA 52627 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | — | $0 | 0.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| HEALTHPARTNERS INSURANCE COMPANY EIN 41-1683523 THIRD PARTY ADMINISTRATOR | Claims processing Service code 12 | 8170 33RD AVENUE SOUTH BLOOMINGTON, MN 55425 | $16K |
| ADVANTAGE ADMINISTRATORS EIN 42-1294349 THIRD PARTY ADMINISTRATOR | Claims processing Service code 12 | PO BOX 118 WAVERLY, IA 50677 | $4K |
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 | 309 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 22 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 331 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HEALTHPARTNERS INSURANCE UNITYPOINT HEALTH | 249 | $2.6M |
| Dental | DELTA DENTAL OF IOWA | 302 | $0 |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 155 | $31K |
| Life insurance(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 332 | $91K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 309 | $29K |
| Other | HEALTHPARTNERS UNITYPOINT HEALTH | 249 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 332 | — |
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 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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.
Filing reports zero broker compensation on a plan over 100 participants. Likely direct-write or unreported — worth a knock.