| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GAGE BENEFIT ADVISORS INC3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | TOKIO MARINE | — | — | $0 | 0.00% |
| GAGE BENEFIT ADVISORS INC3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | AMERICAN UNITED LIFE INSURANCE | $23K | — | $23K | 16.83% |
| GAGE BENEFIT ADVISORS INC3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | COMMUNITY EYE CARE | $4K | — | $4K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UMR, IINC. EIN 39-1995276 CLAIMS PROCESSING | Claims processing Service code 12 | — | $115K |
| GAGE BENEFIT ADVISORS, INC EIN 56-1524059 BROKER | Other commissions Service code 55 | 2101 ARNOLD DR CHARLOTTE, NC 28205 | $38K |
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 | 244 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 248 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | COMMUNITY EYE CARE | 269 | $40K |
| Life insurance | AMERICAN UNITED LIFE INSURANCE | 208 | $138K |
| Long-term disability | AMERICAN UNITED LIFE INSURANCE | 208 | $138K |
| Stop-loss / reinsurancereinsurance | TOKIO MARINE | 195 | $341K |
| Other | AMERICAN UNITED LIFE INSURANCE | 208 | $138K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 269 | — |
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."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.