| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FISCHER ROUNDS & ASSOCIATES INC3 Filed as: FISCHER ROUNDS & ASSOC | 125 E DAKOTA AVE PO BOX 218 PIERRE, SD 57501 | WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | $46K | $138K | $184K | 8.05% |
| DAKOTACARE ADMINISTRATIVE SERVICES5 | PO BOX 7406 ATTN DAN ABERSON SIOUX FALLS, SD 57117 | COMPANION LIFE | $29K | — | $29K | 22.91% |
| SUMMIT REINSURANCE SERVICES INC3 | 7030 POINTE INVERNESS WAY STE 350 FORT WAYNE, IN 46804 | COMPANION LIFE | $2K | — | $2K | 1.83% |
| AZIZ ELMAMOUNI3 | 6401 S LYNCREST AVE APT 207 SIOUX FALLS, SD 57108 | OPTILEGRA, INC | $3K | — | $3K | 7.43% |
| BANKWEST INC DBA BANKWEST INSURANCE3 | 420 S. PIERRE STREET PIERRE, SD 57501 | RELIANCE STANDARD | $4K | — | $4K | 10.48% |
| DAKOTACARE ADMINISTRATIVE SERVICES5 | PO BOX 7406 ATTN DAN ABERSON SIOUX FALLS, SD 57117 | COMPANION LIFE | $9K | — | $9K | 44.82% |
| SUMMIT REINSURANCE SERVICES INC3 | 7030 POINTE INVERNESS WAY STE 350 FORT WAYNE, IN 46804 | COMPANION LIFE | $757 | — | $757 | 3.98% |
| DAKOTACARE ADMINISTRATIVE SERVICES5 | 2600 WEST 49TH ST. SIOUX FALLS, SD 57105 | BERKLEY LIFE AND HEALTH INSURANCE CO. | $54 | $1K | $1K | 348.33% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| FISCHER ROUNDS & ASSOC EIN 46-0213054 | Contract Administrator Service code 13 | 125 E DAKOTA AVE PIERRE, SD 57501 | $46K |
| DAKOTACARE ADMINISTRATIVE SERVICES EIN 46-0424322 | Contract Administrator Service code 13 | 2600 WEST 49TH STREET SIOUX FALLS, SD 57105 | $6K |
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 | 293 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 18 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 311 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | 257 | $2.3M |
| Vision | OPTILEGRA, INC | 293 | $39K |
| Life insurance(2 contracts) | COMPANION LIFE | 309 | $144K |
| Long-term disability | RELIANCE STANDARD | 241 | $37K |
| Stop-loss / reinsurancereinsurance(2 contracts, 2 carriers) | WELLMARK BLUE CROSS AND BLUE SHIELD OF SOUTH DAKOTA | 257 | $2.3M |
| Other | COMPANION LIFE | 309 | $125K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 309 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.