| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE GROUP LLC | 7430 CREEK ROAD, 300 SANDY, UT 840936160 | BLUE CROSS BLUE SHIELD OF CALIFORNIA | — | $27K | $27K | 5.40% |
| MILLER & WADE INSURANCE AGENCY3 | 3200 W CLUBHOUSE DR STE 225 LEHI, UT 840434323 | PRINCIPAL LIFE INSURANCE COMPANY | $18K | — | $18K | 7.11% |
| PARAGON PARTNERS LTD3 | 9420 E DOUBLETREE RANCH RD STE C-10 SCOTTSDALE, AZ 852585589 | PRINCIPAL LIFE INSURANCE COMPANY | — | $11K | $11K | 4.29% |
| SUMMIT FINANCIAL GROUP INC. Filed as: SUMMIT INSURANCE GROUP LLC | 7430 CREEK ROAD, 300 SANDY, UT 840936160 | KAISER FOUNDATION HEALTH PLAN, INC. | $11K | — | $11K | 4.67% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE GROUP LLC | 7430 CREEK ROAD, 300 SANDY, UT 840936160 | CIGNA | $18K | — | $18K | 15.83% |
| SUMMIT FINANCIAL GROUP INC. Filed as: SUMMIT INSURANCE GROUP LLC | 7430 CREEK ROAD, 300 SANDY, UT 840936160 | KAISER FOUNDATION HEALTH PLAN, INC. | $2K | — | $2K | 4.61% |
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 | 53 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 53 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(4 contracts, 3 carriers) | BLUE CROSS BLUE SHIELD OF CALIFORNIA | 72 | $897K |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Prescription drug(4 contracts, 3 carriers) | BLUE CROSS BLUE SHIELD OF CALIFORNIA | 72 | $897K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 122 | $251K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 122 | — |
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.