| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| DBA TOWNE BENEFITS3 | 3 COMMERCIAL PL STE 1600 NORFOLK, VA 23510 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $331 | $0 | $331 | 9.31% |
| THE SPINDEL AGENCY3 Filed as: THE SPINDEL AGENCY LLC | 277 BENDIX RD STE 500 VIRGINIA BEACH, VA 23452 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $24 | $0 | $24 | 0.68% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CAREFIRST/BSBCMD EIN 52-1187907 REINSURANCE CARRIER | Contract Administrator; Direct payment from the plan; Other services; Named fiduciary; Claims processing; Participant communication Service code 12 | — | $66K |
| CAREFIRST ADMINISTRATORE EIN 52-1187907 TPA, PBM & RX REBATE | Other services; Direct payment from the plan; Named fiduciary; Contract Administrator; Claims processing; Participant communication Service code 12 | — | $56K |
| FRIEDEN WEALTH MANAGEMENT EIN 47-5067189 BROKER | Insurance brokerage commissions and fees Service code 53 | — | $7K |
| DENTEMAX EIN 38-2612298 DENTAL | Direct payment from the plan; Claims processing; Participant communication; Contract Administrator Service code 12 | — | $265 |
| DAVIS VISION INC EIN 11-3051991 VISION | Claims processing; Participant communication; Other services; Contract Administrator Service code 12 | — | $178 |
| CONIFER VALUE-BASED CARE EIN 52-1964905 UTLIZATION MANAGEMENT | Contract Administrator; Other services Service code 13 | — | $167 |
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 | 70 | 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) | 70 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 70 | $4K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 70 | — |
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.
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.