| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS | P.O. BOX 6009 ASHLAND, VA 23005 | METROPOLITAN LIFE INSURANCE COMPANY | $5K | — | $5K | 5.31% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS, INC. | 6424 NW 5TH WAY FT. LAUDERDALE, FL 33309 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $6K | — | $6K | 10.75% |
| BENEFIT PLAN ADMINISTRATORS5 Filed as: BENEFIT PLAN ADMINISTRATORS, INC. | 101 S. JEFFERSON ST. 3RD FLOOR ROANOKE, VA 24011 | GERBER LIFE INSURANCE COMPANY | $10K | — | $10K | — |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS, INC. | P.O. BOX 6009 ASHLAND, VA 23005 | GERBER LIFE INSURANCE COMPANY | $7K | — | $7K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT PLAN ADMINISTRATORS, INC. EIN 54-1419753 | Claims processing Service code 12 | — | $36K |
| CIGNA HEALTH & LIFE INSURANCE CO. EIN 59-1031071 | Contract Administrator Service code 13 | — | $21K |
| FAISON GROUP BENEFITS, INC. | Insurance agents and brokers Service code 22 | P.O. BOX 6009 ASHLAND, VA 23005 | $20K |
| HEALTHIEST YOU | Contract Administrator Service code 13 | 5350 E. HIGH ST., SUITE 350 PHOENIX, AZ 85054 | $7K |
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 | 137 | 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. |
| Beneficiaries receiving benefits | 0 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 137 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 309 | $91K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 309 | $91K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 309 | $91K |
| Short-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 135 | $59K |
| Long-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 135 | $59K |
| Stop-loss / reinsurancereinsurance | GERBER LIFE INSURANCE COMPANY | 204 | $0 |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 309 | $91K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 309 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.