| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GAGE BENEFIT ADVISORS, INC.3 Filed as: GAGE BENEFIT ADVISORS, INC | 124 N. MCDOWELL STREET CHARLOTTE, NC 28204 | COMMUNITY EYE CARE | $4K | — | $4K | 9.91% |
| GAGE BENEFIT ADVISORS, INC.3 Filed as: GAGE BENEFIT ADVISORS, INC | 124 N. MCDOWELL STREET CHARLOTTE, NC 28204 | AMERICAN UNITED LIFE INSURANCE COMPANY | $24K | — | $24K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NC EIN 56-0894904 CLAIMS ADMINISTRATOR | Claims processing Service code 12 | — | $196K |
| GAGE BENEFIT ADVISORS, INC BROKER AGENT | Insurance agents and brokers Service code 22 | 124 N. MCDOWELL STREET CHARLOTTE, NC 28204 | $48K |
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 | 305 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 307 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | COMMUNITY EYE CARE | 262 | $41K |
| Life insurance | AMERICAN UNITED LIFE INSURANCE COMPANY | 301 | $0 |
| Long-term disability | AMERICAN UNITED LIFE INSURANCE COMPANY | 301 | $0 |
| Other | AMERICAN UNITED LIFE INSURANCE COMPANY | 301 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 301 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.