| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH & MCLENNAN AGENCY | PO BOX 12748 ROANOKE, VA 24028 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $0 | $20K | $20K | 1.26% |
| VBA BENEFITS CORPORATION3 | 4490 COX ROAD GLEN ALLEN, VA 23060 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $17K | $0 | $17K | 5.00% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH & MCLENNAN AGENCY | PO BOX 12748 ROANOKE, VA 24028 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $0 | $8K | $8K | 2.45% |
| VBA BENEFITS CORPORATION3 | 4490 COX ROAD GLEN ALLEN, VA 230603325 | EXPRESS SCRIPTS, INC. | $7K | $0 | $7K | 2.34% |
| VBA BENEFITS CORPORATION3 | VIRGINIA BANKERS ASSOC 4490 COX RD GLEN ALLEN, VA 230603325 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $35K | $0 | $35K | 15.25% |
| VBA BENEFITS CORPORATION3 | 4490 COX RD GLEN ALLEN, VA 23060 | HARTFORD LIFE AND ACCIDENT | $9K | $0 | $9K | 5.00% |
| VBA BENEFITS CORPORATION3 | VIRGINIA BANKERS ASSOC 4490 COX RD GLEN ALLEN, VA 230603325 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $23K | $0 | $23K | 14.89% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| TRUIST BANK EIN 56-1074313 NONE | Named fiduciary; Custodial (other than securities) Service code 18 | 214 NORTH TRYON STREET CHARLOTTE, NC 28202 | $2K |
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 | 8,575 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 168 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 8,743 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HARTFORD LIFE AND ACCIDENT | 132 | $171K |
| Vision | VISION SERVICE PLAN | 5,047 | $786K |
| Life insurance(2 contracts) | MINNESOTA LIFE INSURANCE COMPANY | 8,683 | $2.6M |
| Short-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,472 | $342K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 8,862 | $1.6M |
| Prescription drug | EXPRESS SCRIPTS, INC. | 108 | $278K |
| Other(3 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 1,750 | $477K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 8,862 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.