| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GAGE BENEFIT ADVISORS, INC.3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | TOKIO MARINE | — | — | $0 | 0.00% |
| GAGE BENEFIT ADVISORS, INC.3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | AMERICAN UNITED LIFE INSURANCE | $29K | — | $29K | 17.01% |
| GAGE BENEFIT ADVISORS, INC.3 Filed as: GAGE BENEFIT ADVISORS, INC | 2101 ARNOLD DR CHARLOTTE, NC 28205 | COMMUNITY EYE CARE | $5K | — | $5K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UMR, INC EIN 39-1995276 CLAIMS PROCESSING | Claims processing Service code 12 | — | $1.5M |
| OPTUM RX EIN 33-0441200 PHARMACY BENEFIT MANAGER | Insurance agents and brokers Service code 22 | — | $789K |
| GAGE BENEFIT ADVISORS, INC EIN 56-1524059 BROKER | Other commissions Service code 55 | 2101 ARNOLD DR CHARLOTTE, NC 28205 | $41K |
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 | 0 | $47K |
| Life insurance | AMERICAN UNITED LIFE INSURANCE | 282 | $169K |
| Long-term disability | AMERICAN UNITED LIFE INSURANCE | 282 | $169K |
| Stop-loss / reinsurancereinsurance | TOKIO MARINE | 244 | $339K |
| Other | AMERICAN UNITED LIFE INSURANCE | 282 | $169K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 282 | — |
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.