| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BEARENCE MANAGEMENT GROUP LLC3 Filed as: BEARENCE MANAGEMENT GROUP | 1045 76TH STREET STE 4000 WEST DES MOINES, IA 50266 | COVENTRY HEALTH CARE OF IOWA | $12K | — | $12K | 5.63% |
| NORTH RISK PARTNERS LLC3 | 1045 78TH STREET SUITE 4000 WEST DES MOINES, IA 50266 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $3K | — | $3K | 13.00% |
| FINANCIAL ARCHITECTS, INC.3 Filed as: FINANCIAL ARCHITECTS INC | 12345 UNIVERSITY AVE STE 200 CLIVE, IA 50325 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $34 | — | $34 | 0.13% |
| HOLMES MURPHY & ASSOCIATES3 | 3001 WESTOWN PARKWAY DES MOINES, IA 503069207 | VERATRUS BUSINESS SOLUTIONS | $951 | — | $951 | 10.00% |
| BEARENCE MANAGEMENT GROUP LLC3 | P.O. BOX 64016 SAINT PAUL, MN 551640016 | METROPOLITAN LIFE INSURANCE COMPANY | $550 | — | $550 | 8.73% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY & ASSOCIATION INC | P.O. BOX 9207 DES MOINES, IA 503069207 | METROPOLITAN LIFE INSURANCE COMPANY | $80 | — | $80 | 1.27% |
| BEARENCE MANAGEMENT GROUP LLC3 | 1045 76TH STREET SUITE 4000 WEST DES MOINES, IA 50266 | UNIFIED LIFE INSURANCE COMPANY | $100 | — | $100 | 2.13% |
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 | 142 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 142 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | COVENTRY HEALTH CARE OF IOWA | 142 | $221K |
| Vision | VERATRUS BUSINESS SOLUTIONS | 71 | $10K |
| Life insurance(2 contracts, 2 carriers) | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 126 | $32K |
| Short-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 51 | $26K |
| Long-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 51 | $26K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 126 | $6K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 142 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.