| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HJ KNIGHT INTERNATIONAL3 Filed as: H. J. KNIGHT INTL INSURANCE AGENCY | 30 BRAINTREE HILL OFF. PK, STE 203 BRAINTREE, MA 02184 | THE UNION LABOR LIFE INSURANCE COMPANY | $28K | — | $28K | 5.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SOUTHERN BENEFIT ADMINISTRATORS INC EIN 62-1116095 ADMINISTRATOR | Direct payment from the plan; Consulting (general); Plan Administrator Service code 14 | — | $2.6M |
| STRANCH, JENNINGS & GARVEY PLLC EIN 62-0513048 NONE | Legal; Direct payment from the plan Service code 29 | — | $82K |
| FIRST HORIZON BANK EIN 62-6174729 NONE | Custodial (securities); Direct payment from the plan Service code 19 | — | $59K |
| CALIBRE CPA GROUP, PLLC EIN 47-0900880 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $35K |
| MORGAN STANLEY EIN 26-4310632 NONE | Investment management; Direct payment from the plan Service code 28 | — | $20K |
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 | 4,309 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 113 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 4,422 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Stop-loss / reinsurancereinsurance | THE UNION LABOR LIFE INSURANCE COMPANY | 4,422 | $551K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 4,422 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.