| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HOLMES MURPHY & ASSOCIATES3 Filed as: HOLMES MURPHY & ASSOCIATES, INC. | 3001 WESTOWN PKWY WEST DES MOINES, IA 502661321 | STANDARD SECURITY LIFE INSURANCE COMPANY | $46K | $28K | $74K | 16.02% |
| HARRY M. HERRINGTON3 | 7024 CULWELLS CT. LINCOLN, NE 68516 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $989 | — | $989 | 5.03% |
| KENNETH A. STEINBECK3 | 1528 MANSFIELD ROAD GRAND ISLAND, NE 688031547 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $989 | — | $989 | 5.03% |
| HOLMES MURPHY & ASSOCIATES3 | 2637 S 158TH PLZ STE 200 OMAHA, NE 681301769 | VISION SERVICE PLAN | — | $1K | $1K | 5.75% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT ADMINISTRATIVE SYSTEMS, LLC EIN 36-4197088 CLAIMS PROCESSING | Claims processing Service code 12 | 17475 JOVANNA DR SUITE 1B HOMEWOOD, IL 60430 | $70K |
| HOLMES MURPHY & ASSOCIATES, INC. EIN 42-0985055 BROKER | Other commissions Service code 55 | P.O. BOX 9207 DES MOINES, IA 503069207 | $28K |
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 | 175 | 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) | 175 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 143 | $18K |
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 107 | $20K |
| Stop-loss / reinsurancereinsurance | STANDARD SECURITY LIFE INSURANCE COMPANY | 175 | $462K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 175 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.