| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT STAFF LLC3 Filed as: BENEFIT STAFF, LLC | 2550 MIDDLE RD., STE 205 BETTENDORF, IA 52722 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $6K | — | $6K | 5.05% |
| BENEFIT STAFF LLC3 Filed as: BENEFIT STAFF | 2550 MIDDLE ROAD, SUITE 300 BETTENDORF, IA 52722 | FIDELITY SECURITY LIFE | $8K | — | $8K | 10.04% |
| BRAD BIEL3 Filed as: BRAD JOHNSON | 2550 MIDDLE RD., STE. 205 BETTENDORF, IA 527223287 | VISION SERVICE PLAN | $2K | — | $2K | 4.03% |
| BENEFIT STAFF LLC3 | 2550 MIDDLE ROAD, SUITE 205 BETTENDORF, IA 52722 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | — | $4K | 15.00% |
| REDNOUR LLC3 Filed as: REDNOUR, LLC | 2550 MIDDLE RD. #300 BETTENDORF, IA 52722 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $2K | — | $2K | 10.50% |
| GARY WOOD ASSOCIATES, INC.3 Filed as: GARY WARE & ASSOCIATES INC | 3808 W. SPRINGFIELD AVE, STE D CHAMPAIGN, IL 61822 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | — | $716 | $716 | 5.00% |
| BENEFIT STAFF LLC3 | 2550 MIDDLE ROAD, SUITE 300 BETTENDORF, IA 52722 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $644 | — | $644 | 4.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ALLIED BENEFIT SYSTEMS, INC. EIN 36-3086057 THIRD PARTY ADMINISTRATOR | Recordkeeping and information management (computing, tabulating, data processing, etc.); Claims processing Service code 12 | — | $77K |
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 | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 269 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK BLUE CROSS & BLUE SHIELD OF IOWA | 267 | $2.3M |
| Dental | WELLMARK BLUE CROSS & BLUE SHIELD OF IOWA | 267 | $2.3M |
| Vision | VISION SERVICE PLAN | 430 | $41K |
| Life insurance(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 738 | $200K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 150 | $24K |
| Stop-loss / reinsurancereinsurance | WESTPORT INSURANCE COPRORATION | 229 | $106K |
| Other(2 contracts, 2 carriers) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 738 | $19K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 738 | — |
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.