| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE, SUITE 120 BIRMINGHAM, AL 35243 | GREENWICH INSURANCE COMPANY | $43K | $0 | $43K | 10.00% |
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE, SUITE 120 VESTAVIA, AL 35243 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $20K | $16K | $37K | 28.26% |
| VALENT GROUP3 Filed as: VALENT GROUP LLC | 3500 BLUE LAKE DRIVE, SUITE 120 BIRMINGHAM, AL 35243 | UNITED CONCORDIA INSURANCE COMPANY | $2K | $0 | $2K | 2.40% |
| LILLIS MCKIBBEN BONGIOVANNI & CO3 | 100 STATE STREET, SUITE 510 ERIE, PA 16507 | HIGHMARK, INC. | $509 | $0 | $509 | 2.40% |
| VALENT GROUP3 Filed as: VALENT GROUP LLC | 3500 BLUE LAKE DRIVE, SUITE 120 BIRMINGHAM, AL 35243 | RXBENEFITS, INC. | $0 | $3K | $3K | — |
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 | 197 | 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) | 197 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | UNITED CONCORDIA INSURANCE COMPANY | 412 | $96K |
| Vision | HIGHMARK, INC. | 409 | $21K |
| Life insurance | UNITED OF OMAHA LIFE INSURANCE COMPANY | 230 | $129K |
| Long-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 230 | $129K |
| Prescription drug | RXBENEFITS, INC. | 199 | $0 |
| Stop-loss / reinsurancereinsurance | GREENWICH INSURANCE COMPANY | 197 | $426K |
| Other | UNITED OF OMAHA LIFE INSURANCE COMPANY | 230 | $129K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 412 | — |
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.