| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WATERS, ANTHONY S3 | 3662 DAUPHIN ST SUITE 1A MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $3K | — | $3K | 6.03% |
| FINANCIAL STRATEGIES INC3 Filed as: FINANCIAL STRATEGIES, LLC | 4630 BIT AND SPUR ROAD MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $2K | — | $2K | 3.97% |
| WATERS, ANTHONY S3 | 3662 DAUPHIN ST SUITE 1A MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $3K | — | $3K | 6.70% |
| FINANCIAL STRATEGIES INC3 Filed as: FINANCIAL STRATEGIES, LLC | 4630 BIT AND SPUR ROAD MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $1K | — | $1K | 3.30% |
| WATERS, ANTHONY S3 | 3662 DAUPHIN ST SUITE 1A MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $1K | — | $1K | 10.12% |
| FINANCIAL STRATEGIES INC3 Filed as: FINANCIAL STRATEGIES, LLC | 4630 BIT AND SPUR ROAD MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $652 | — | $652 | 4.88% |
| WATERS, ANTHONY S3 | 3662 DAUPHIN ST SUITE 1A MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $602 | — | $602 | 6.71% |
| FINANCIAL STRATEGIES INC3 Filed as: FINANCIAL STRATEGIES, LLC | 4630 BIT AND SPUR ROAD MOBILE, AL 36608 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $295 | — | $295 | 3.29% |
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 | 198 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 198 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | RELIANCE STANDARD LIFE INSURANCE COMPANY | 198 | $43K |
| Long-term disability | RELIANCE STANDARD LIFE INSURANCE COMPANY | 198 | $42K |
| Other(2 contracts) | RELIANCE STANDARD LIFE INSURANCE COMPANY | 198 | $22K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 198 | — |
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.