| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURHPHY & ASSOC | PO BOX 9207 DES MOINES, IA 50306 | WELLMARK BLUE ROSS AND BLUE SHIELD OF SOUTH DAKOTA | $32K | $0 | $32K | 3.10% |
| FISHER ROUNDS & ASSOC INC3 | 125 E DAKOTA AVE PIERRE, SD 57501 | WELLMARK BLUE ROSS AND BLUE SHIELD OF SOUTH DAKOTA | $15K | $0 | $15K | 1.44% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY AND ASSOCIATES LLC | PO BOX 441 DES MOINES, IA 50302 | SUN LIFE ASSURANCE COMPANY OF CANADA | $4K | $2K | $5K | 7.25% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: THE MELTZER GROUP INC | 6500 ROCK SPRING DRIVE SUITE 500 BETHESDA, MD 20817 | SUN LIFE ASSURANCE COMPANY OF CANADA | $5K | $0 | $5K | 6.21% |
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY AND ASSOCIATES LLC | PO BOX 441 WEST DES MOINES, IA 50266 | UNION SECURITY INSURANCE COMPANY | $3K | $0 | $3K | 9.09% |
| WESTERN BENEFITS GROUP INC3 | PO BOX 8124 RAPID CITY, SD 57709 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $954 | $90 | $1K | 6.87% |
| JACK W ABEL3 | 6500 ROCK SPRING DR BETHESA, MD 20817 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $903 | $135 | $1K | 6.83% |
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 | 150 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 4 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 154 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | WELLMARK BLUE ROSS AND BLUE SHIELD OF SOUTH DAKOTA | 151 | $1.0M |
| Dental(2 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 150 | $107K |
| Vision(2 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 150 | $107K |
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 177 | $15K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 177 | $15K |
| Other | UNUM LIFE INSURANCE COMPANY OF AMERICA | 177 | $15K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 177 | — |
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 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.