| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| KEVIN G GARRY CHFC CLU3 | 7521 S LOUISE AVE STE 100 SIOUX FALLS, SD 57108 | NEW YORK LIFE INS AND ANN CORP | $68 | $0 | $68 | — |
| STEVEN J GARRY CLU CHFC MSFS3 | 5015 S WESTERN AVENUE SUITE 250 SIOUX FALLS, SD 571082646 | NEW YORK LIFE INS AND ANN CORP | $19 | $0 | $19 | — |
| PRINCIPAL LIFE INSURANCE COMPANY3 Filed as: PRINCIPAL SECURITIES INC | 711 HIGH ST DES MOINES, IA 50392 | PRINCIPAL LIFE INSURANCE COMPANY | $2K | $0 | $2K | — |
| LPL FINANCIAL CORP3 Filed as: LPL FINANCIAL LLC | 4707 EXECUTIVE DR SAN DIEGO, CA 92121 | PRINCIPAL LIFE INSURANCE COMPANY | $781 | $0 | $781 | — |
| RETIREMENT, LLC SERIES TWO3 | 13838 QUAIL POINTE DR OKLAHOMA CITY, OK 73134 | PRINCIPAL LIFE INSURANCE COMPANY | $0 | $779 | $779 | — |
| PRINCIPAL LIFE INSURANCE COMPANY3 Filed as: PRINCIPAL SECURITIES INC | 711 HIGH ST DES MOINES, IA 50392 | PRINCIPAL LIFE INSURANCE COMPANY | $3K | $0 | $3K | — |
| LPL FINANCIAL CORP3 Filed as: LPL FINANCIAL LLC | 4707 EXECUTIVE DR SAN DIEGO, CA 92121 | PRINCIPAL LIFE INSURANCE COMPANY | $1K | $0 | $1K | — |
| RETIREMENT, LLC SERIES TWO3 | 13838 QUAIL POINTE DR OKLAHOMA CITY, OK 73134 | PRINCIPAL LIFE INSURANCE COMPANY | $0 | $1K | $1K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY EIN 42-0127290 CONTRACT ADMINISTRATOR | Participant loan processing; Recordkeeping fees; Contract Administrator; Direct payment from the plan Service code 13 | — | $41K |
| RETIREMNT, LLC SERIES TWO | Direct payment from the plan; Other services; Contract Administrator; Other fees Service code 13 | — | $10K |
| PRINCIPAL SECURITIES INC | Other services; Other commissions; Other fees Service code 49 | — | $4K |
| RETIREMENT, LLC SERIES TWO EIN 26-3723532 CONTRACT ADMINISTRATOR | Contract Administrator; Other services; Direct payment from the plan; Other fees Service code 13 | — | $1K |
| PRINCIPAL SECURITIES EIN 42-0941553 OTHER SERVICES | Other services; Other fees; Other commissions Service code 49 | — | $0 |
| WILSHIRE ASSOCIATES INC. EIN 95-2755361 INVESTMENT ADVISORY | Investment advisory (plan); Other investment fees and expenses Service code 27 | — | $0 |
| WILSHIRE ASSOCIATES, INC | Investment advisory (plan); Other investment fees and expenses Service code 27 | — | $0 |
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 | 130 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 14 | Vested but not currently using benefits. |
| Beneficiaries receiving benefits | 3 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 149 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(3 contracts, 2 carriers) | NEW YORK LIFE INS AND ANN CORP | 156 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 156 | — |
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.