| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MCGRIFF INSURANCE SERVICES INC3 | 3318 W. FRIENDLY AVE. STE. 400 GREENSBORO, NC 27410 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $38K | $41K | $78K | 21.01% |
| MCGRIFF INSURANCE SERVICES INC3 | 3318 W. FRIENDLY AVE. STE. 400 GREENSBORO, NC 27410 | UNION SECURITY INSURANCE COMPANY | $9K | — | $9K | 9.97% |
| MCGRIFF INSURANCE SERVICES INC3 | 250 W 1ST ST, SUITE 100 WINSTON-SALEM, NC 27102 | UNION SECURITY INSURANCE COMPANY | — | $1K | $1K | 1.60% |
| MCGRIFF INSURANCE SERVICES INC3 | 250 W 1ST ST, SUITE 100 WINSTON-SALEM, NC 27102 | AMERICAN UNITED LIFE INSURANCE COMPANY | $6K | — | $6K | 12.00% |
| THE BENEFIT COMPANY INC3 | 3800 FERNANDINA RD SUITE 200 COLUMBIA, SC 29210 | AMERICAN UNITED LIFE INSURANCE COMPANY | — | $2K | $2K | 4.00% |
| MCGRIFF INSURANCE SERVICES INC3 | 3318 W. FRIENDLY AVE. STE. 400 GREENSBORO, NC 27410 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $5K | — | $5K | 20.66% |
| MICHAEL W STEEN3 Filed as: MICHAEL W. STEEN | 3318 W. FRIENDLY AVE. STE. 400 GREENSBORO, NC 27410 | NATIONAL GUARDIAN LIFE INSURANCE COMPANY | $846 | — | $846 | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH & LIFE INS COMPANY EIN 59-1031071 NONE | Named fiduciary; Contract Administrator; Direct payment from the plan; Claims processing; Non-monetary compensation; Other services; Float revenue; Participant communication Service code 12 | — | $18K |
| FLORES AND ASSOCIATES EIN 56-1542307 NONE | Legal Service code 29 | — | $10K |
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 | 177 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 177 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 177 | $373K |
| Dental | UNION SECURITY INSURANCE COMPANY | 111 | $89K |
| Vision | NATIONAL GUARDIAN LIFE INSURANCE COMPANY | 92 | $8K |
| Life insurance | AMERICAN UNITED LIFE INSURANCE COMPANY | 142 | $53K |
| Long-term disability | AMERICAN UNITED LIFE INSURANCE COMPANY | 142 | $53K |
| Other(2 contracts, 2 carriers) | AMERICAN UNITED LIFE INSURANCE COMPANY | 142 | $78K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 177 | — |
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.