| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GROUP BENEFITS LTD3 | 12006 RIDGEMONT DRIVE URBANDALE, IA 50323 | COVENTRY HEALTH CARE OF IOWA | $24K | $7K | $31K | 5.48% |
| FIRST INSURANCE GROUP LLC3 Filed as: FIRST INSURANCE SERVICES LLC | 300 E. BREMER AVENUE WAVERLY, IA 50677 | COVENTRY HEALTH CARE OF IOWA | $5K | — | $5K | 0.85% |
| THE ACCEL GROUP LLC3 | 300 E. BREMER AVENUE WAVERLY, IA 50677 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $3K | $826 | $4K | 12.10% |
| THE ACCEL GROUP LLC3 | 300 E. BREMER AVENUE WAVERLY, IA 50677 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $4K | $564 | $4K | 22.98% |
| THE ACCEL GROUP LLC3 | 300 E. BREMER AVENUE WAVERLY, IA 50677 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $605 | $165 | $770 | 14.00% |
| THE ACCEL GROUP LLC3 | 300 E. BREMER AVENUE WAVERLY, IA 50677 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $355 | $70 | $425 | 17.96% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GROUP BENEFITS LTD EIN 42-1362866 NONE | Custodial (securities) Service code 19 | 12006 RIDGEMONT DRIVE URBANDALE, IA 50323 | $31K |
| THE ACCEL GROUP LLC EIN 42-1511370 NONE | Custodial (securities) Service code 19 | 300 E. BREMER AVENUE WAVERLY, IA 50677 | $9K |
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 | 144 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 144 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | COVENTRY HEALTH CARE OF IOWA | 101 | $574K |
| Life insurance | RELIANCE STANDARD LIFE INSURANCE COMPANY | 114 | $5K |
| Short-term disability | RELIANCE STANDARD LIFE INSURANCE COMPANY | 144 | $29K |
| Long-term disability | RELIANCE STANDARD LIFE INSURANCE COMPANY | 17 | $2K |
| Other | RELIANCE STANDARD LIFE INSURANCE COMPANY | 61 | $19K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 144 | — |
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.
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.