| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | DELTA DENTAL OF SOUTH DAKOTA | $4K | $0 | $4K | 1.25% |
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | NEW YORK LIFE | $6K | — | $6K | 5.86% |
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | NEW YORK LIFE | $8K | $907 | $9K | 16.67% |
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | VSP VISION CARE | — | $2K | $2K | 3.81% |
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | NEW YORK LIFE | $4K | $437 | $4K | 16.64% |
| MARSH & MCLENNAN AGENCY LLC1 | 300 CHERAPA PL STE 601 SIOUX FALLS, SD 57103 | NEW YORK LIFE | $654 | $17 | $671 | 15.37% |
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 | 241 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 241 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK BLUE CROSS BLUE SHIELD OF SOUTH DAKOTA | 247 | $3.9M |
| Dental | DELTA DENTAL OF SOUTH DAKOTA | 619 | $318K |
| Vision | VSP VISION CARE | 252 | $48K |
| Life insurance(2 contracts) | NEW YORK LIFE | 326 | $59K |
| Long-term disability | NEW YORK LIFE | 326 | $27K |
| Other(2 contracts) | NEW YORK LIFE | 326 | $99K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 619 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.