| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BOEN & ASSOCIATES INC Filed as: BOEN ASSOCIATES INC | 307 WEST 41ST ST SIOUX FALLS, SD 57105 | WELLMARK OF SOUTH DAKOTA INC | $15K | — | $15K | 0.55% |
| BOEN & ASSOCIATES INC3 | 307 W 41ST ST SIOUX FALLS, SD 57105 | PRINCIPAL LIFE INSURANCE COMPANY | — | $6K | $6K | 4.14% |
| BOEN & ASSOCIATES INC3 | 307 WEST 41ST STREET SIOUX FALLS, SD 57105 | STANDARD INSURANCE COMPNAY | $3K | — | $3K | 7.09% |
| BOEN & ASSOCIATES INC3 Filed as: BOEN ASSOCIATES INC | 307 WEST 41ST STREET SIOUX FALLS, SD 57105 | STANDARD INSURANCE COMPANY | $2K | — | $2K | 8.22% |
| BOEN & ASSOCIATES INC3 Filed as: BOEN ASSOCIATES INC | 307 WEST 41ST STREET SIOUX FALLS, SD 57105 | STANDARD INSURANCE COMPANY | $3K | — | $3K | 15.50% |
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 | 162 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 164 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK OF SOUTH DAKOTA INC | 146 | $2.7M |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 418 | $150K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 418 | $150K |
| Life insurance | STANDARD INSURANCE COMPNAY | 16 | $40K |
| Short-term disability | STANDARD INSURANCE COMPANY | 150 | $30K |
| Long-term disability | STANDARD INSURANCE COMPANY | 150 | $17K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 418 | — |
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.
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.