| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FRANKLIN BENEFIT SOLUTIONS3 | 2444 E HILL RD GRAND BLANC, MI 48439 | PRINCIPAL LIFE INSURANCE COMPANY | $16K | — | $16K | 7.35% |
| STRATEGIC BENEFITS NETWORK LLC3 Filed as: STRATEGIC BENEFITS NETWORK | 5797 HARVEY ST SUITE A NORTH SHORES, MI 49444 | PRINCIPAL LIFE INSURANCE COMPANY | — | $2K | $2K | 1.00% |
| ASR HEALTH BENEFITS3 | 618 KENMOOR AVE SE GRAND RAPIDS, MI 49546 | PAN AMERICAN | $29K | — | $29K | 13.00% |
| ACR HEALTH BENEFITS3 | 618 KENMOOR AVE SE #200 GRAND RAPIDS, MI 49546 | HCC LIFE INSURANCE COMPANY | $3K | — | $3K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ASR HEALTH BENEFITS EIN 38-2651185 TPA | Contract Administrator Service code 13 | 618 KENOOR AVE SE #200 GRAND RAPIDS, MI 49546 | $109K |
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 | 131 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 131 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 344 | $223K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 344 | $223K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 344 | $223K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 344 | $223K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 344 | $223K |
| Stop-loss / reinsurancereinsurance | PAN AMERICAN | 122 | $221K |
| Other | HCC LIFE INSURANCE COMPANY | 0 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 344 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.