| 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 | $6K | — | $6K | 5.56% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS, INC. | 6424 NW 5TH WAY FT. LAUDERDALE, FL 33309 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $7K | — | $7K | 10.12% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS, INC. | P.O. BOX 6009 ASHLAND, VA 23005 | GERBER LIFE INSURANCE COMPANY | $11K | — | $11K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT PLAN ADMINISTRATORS, INC. EIN 54-1419753 | Claims processing Service code 12 | — | $32K |
| CIGNA HEALTH & LIFE INSURANCE CO. EIN 59-1031071 | Contract Administrator Service code 13 | — | $24K |
| FAISON GROUP BENEFITS, INC. | Insurance agents and brokers Service code 22 | P.O. BOX 6009 ASHLAND, VA 23005 | $13K |
| HEALTHIEST YOU | Contract Administrator Service code 13 | 5350 E. HIGH ST., STE 350 PHOENIX, AZ 85054 | $9K |
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 | 148 | 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) | 148 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 335 | $102K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 335 | $102K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 335 | $102K |
| Short-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 148 | $68K |
| Long-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 148 | $68K |
| Stop-loss / reinsurancereinsurance | GERBER LIFE INSURANCE COMPANY | 225 | $0 |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 335 | $102K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 335 | — |
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.