| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| INNOVATIVE INSURANCE GROUP LLC3 | 2670 ELECTRIC RD ROANOKE, VA 24018 | HEALTHKEEPERS, INC. | $72K | — | $72K | 3.72% |
| INNOVATIVE INSURANCE GROUP LLC3 | 2670 ELECTRIC RD ROANOKE, VA 24018 | ANTHEM HEALTH PLANS OF VIRGINIA DBA ANTHEM BCBS | $31K | — | $31K | 3.66% |
| INNOVATIVE INSURANCE GROUP LLC3 Filed as: INNOVATIVE INSURANCE GROUP, LLC | PO BOX 440 KENBRIDGE, VA 23944 | SUN LIFE ASSURANCE COMPANY OF CANADA | $62K | — | $62K | 15.36% |
| INNOVATIVE INSURANCE GROUP LLC3 | 2670 ELECTRIC RD ROANOKE, VA 24018 | DELTA DENTAL OF VIRGINIA | $8K | — | $8K | 4.86% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| INNOVATIVE INSURANCE GROUP, LLC EIN 47-1162894 BROKER/CONSULTANT | Claims processing Service code 12 | PO BOX 440 KENBRIDGE, VA 23944 | $1K |
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 | 255 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 255 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HEALTHKEEPERS, INC. | 171 | $2.8M |
| Dental | DELTA DENTAL OF VIRGINIA | 398 | $172K |
| Vision | ANTHEM HEALTH PLANS OF VIRGINIA DBA ANTHEM BCBS | 90 | $838K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 255 | $403K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 255 | $403K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 398 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.