| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| 5S FINANCIAL GROUP LLC3 | 3013 RED GRAPE DR RALEIGH, NC 27607 | SUN LIFE ASSURANCE COMPANY OF CANADA | $19K | — | $19K | 15.62% |
| THE CARSON GROUP INC3 | 1612 MARION ST COLUMBIA, SC 29201 | SUN LIFE ASSURANCE COMPANY OF CANADA | $9K | $3K | $12K | 9.41% |
| 5S FINANCIAL GROUP LLC3 Filed as: 5S FINANCIAL GROUP, LLC | 3013 RED GRAPE DR RALEIGH, PA 27607 | SUPERIOR VISION PLAN | $2K | — | $2K | 12.94% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| EMPLOYEE BENEFITS MGMT SERVICES LLC EIN 81-0391256 MEMBER ADVOCATE | Other fees; Contract Administrator Service code 13 | — | $140K |
| 5S FINANCIAL GROUP LLC EIN 47-1641484 BROKER FEES | Insurance agents and brokers Service code 22 | — | $75K |
| SENTRY HEALTH EIN 27-3334466 UTILIZATION REVIEW | Other fees Service code 99 | — | $7K |
| TELEMEDICINE MANAGEMENT INC. EIN 26-1306606 TELEMEDICINE | Contract Administrator Service code 13 | — | $6K |
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 | 278 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 278 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | SUPERIOR VISION PLAN | 289 | $19K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 204 | $125K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 204 | $125K |
| Stop-loss / reinsurancereinsurance | GRANULAR INSURANCE | 278 | $493K |
| Other(2 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 204 | $146K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 289 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.