| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MJ INSURANCE3 | 571 MONON TRAIL CARMEL, IN 46032 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $96K | $24K | $119K | 13.83% |
| STEELE INSURANCE3 Filed as: STEELE INS. & FINANCIAL SVCS., INC. | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 46234 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $3K | $40K | $43K | 5.00% |
| WATCHTOWER TECHNOLOGIES INC3 Filed as: WATCHTOWER TECHNOLOGIES | 227 WEST MONROE STREE, SUITE 5200 CHICAGO, IL 60606 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $6K | $7K | $13K | 1.50% |
| STEELE INSURANCE3 Filed as: STEELE INS. & FINANCIAL SVCS., INC. | 9020 CRAWFORDSVILLE ROAD INDIANAPOLIS, IN 46234 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $49K | $16K | $64K | 12.00% |
| MJ INSURANCE3 | 571 MONON TRAIL CARMEL, IN 46032 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $49K | $13K | $62K | 11.55% |
| WATCHTOWER TECHNOLOGIES INC3 Filed as: WATCHTOWER TECHNOLOGIES | 306 WEST ERIE STREET, 3RD FLOOR CHICAGO, IL 60654 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $0 | $8K | $8K | 1.50% |
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 | 1,444 | 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) | 1,446 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 1,200 | $146K |
| Life insurance | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,437 | $864K |
| Short-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,437 | $864K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,437 | $864K |
| Other(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,437 | $1.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,437 | — |
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.