| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| KELLY & ASSOCIATES INSURANCE GROUP3 | 1 KELLY WAY SPARKS, MD 21152 | CAREFIRST OF MARYLAND, INC. | — | $30K | $30K | 5.14% |
| AP BENEFIT ADVISORS, LLC3 | 200 INTERNATIONAL CIRCLE SUITE 4500 HUNT VALLEY, MD 21031 | CAREFIRST OF MARYLAND, INC. | $5K | $14K | $19K | 3.17% |
| AP BENEFIT ADVISORS, LLC | 10 NORTH PARK DRIVE SUITE 200 HUNT VALLEY, MD 21030 | SUN LIFE ASSURANCE COMPANY OF CANADA | $10K | — | $10K | 6.25% |
| KELLY & ASSOCIATES INSURANCE GROUP | 1 KELLY WAY SPARKS, MD 21152 | SUN LIFE ASSURANCE COMPANY OF CANADA | $10K | — | $10K | 5.87% |
| JEFFREY MERWIN3 Filed as: JEFFREY V. MERWIN | 7005 WARDMAN ROAD BALTIMORE, MD 21212 | TRUSTMARK INSURANCE COMPANY | $15K | — | $15K | 34.40% |
| AP BENEFIT ADVISORS, LLC3 | 2300 YORK RD SUITE 106 TIMONIUM, MD 21093 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $7K | $74 | $7K | 34.48% |
| KELLY & ASSOCIATES INSURANCE GROUP3 Filed as: KELLY & ASSOC INS GROUP INC | 1 KELLY WAY CRAIG S. HORNER CFO TREASURER SPARKS, MD 21152 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $982 | — | $982 | 5.00% |
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 | 184 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 2 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 186 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CAREFIRST OF MARYLAND, INC. | 181 | $585K |
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 184 | $20K |
| Vision | NATIONAL GUARDIAN LIFE INSURANCE COMPANY | 32 | $4K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 176 | $167K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 176 | $167K |
| Prescription drug | CAREFIRST OF MARYLAND, INC. | 181 | $585K |
| Other | TRUSTMARK INSURANCE COMPANY | 39 | $42K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 184 | — |
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.