| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES | 204 CATOCTIN CIRCLE SE 2ND FLOOR LEESBURG, VA 20175 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $72K | $72K | 4.00% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES | 204 CATOCTIN CIRCLE SE 2ND FLOOR LEESBURG, VA 20175 | METROPOLITAN LIFE INSURANCE COMPANY | $8K | $224 | $8K | 5.15% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES LLC | 300 NORTH MAIN STREET MOOREFIELD, WV 26836 | STANDARD INSURANCE COMPANY | $23K | $1K | $24K | 15.80% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES LLC | 300 NORTH MAIN STREET MOOREFIELD, WV 26836 | STANDARD INSURANCE COMPANY | $17K | $918 | $18K | 15.79% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES | 204 CATOCTIN CIRCLE SE 2ND FLOOR LEESBURG, VA 20175 | VISION SERVICE PLAN | $764 | — | $764 | 4.57% |
| HILB GROUP OF NEW ENGLAND3 Filed as: THE HILB GROUP OF MARYLAND | 204 CATOCTIN CIRCLE SE 2ND FLOOR LEESBURG, VA 20175 | VISION SERVICE PLAN | $71 | — | $71 | 0.43% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT INSURANCE SERVICES LLC | 300 NORTH MAIN STREET MOOREFIELD, WV 26836 | STANDARD INSURANCE COMPANY | $1K | $64 | $1K | 15.80% |
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 | 168 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 171 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 192 | $1.8M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 387 | $161K |
| Vision | VISION SERVICE PLAN | 144 | $17K |
| Life insurance | STANDARD INSURANCE COMPANY | 168 | $151K |
| Short-term disability | STANDARD INSURANCE COMPANY | 47 | $8K |
| Long-term disability | STANDARD INSURANCE COMPANY | 168 | $116K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 387 | — |
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.