| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES, INC.3 Filed as: LEO GALLAGHER - EE BENEFIT SERVICES | 575 S. CHARLES ST - SUITE 300 BALTIMORE, MD 21201 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. | $29K | — | $29K | 1.72% |
| RIGGS COUNSELMAN MICHAELS & DOWNES3 | 575 S. CHARLES STREET-SUITE 300 BALTIMORE, MD 21201 | GUARDIAN | $33K | $7K | $40K | 13.74% |
| GALLAGHER BENEFIT SERVICES, INC.3 Filed as: LEO GALLAGHER | 1223 SOUTH HANOVER STREET BALTIMORE, MD 21230 | GUARDIAN | $5K | — | $5K | 1.67% |
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 | 254 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 261 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. | 197 | $1.7M |
| Vision | GUARDIAN | 254 | $294K |
| Life insurance | GUARDIAN | 254 | $294K |
| Long-term disability | GUARDIAN | 254 | $294K |
| Other | GUARDIAN | 254 | $294K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 254 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.