| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| CORNERSTONE FINANCIAL LLP3 Filed as: CORNERSTONE FINANCIAL LLC | 845 LOWCOUNTRY BLVD STE S MOUNT PLEASANT, SC 29464 | DEARBORN NATIONAL LIFE INSURANCE COMPANY | $143K | — | $143K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| THE SEGAL CO. (SOUTHEAST STATES)INC EIN 13-2619259 NONE | Actuarial; Direct payment from the plan Service code 11 | — | $68K |
| SCHULTHEIS & PANETTIERI, LLP EIN 13-1577780 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $64K |
| INNOVATIVE SOFTWARE SOLUTIONS, INC. EIN 23-2182079 NONE | Direct payment from the plan; Consulting (general) Service code 16 | — | $34K |
| WILLIG, WILLIAMSON & DAVIDSON EIN 23-2416488 NONE | Legal; Direct payment from the plan Service code 29 | — | $28K |
| SEGAL BRYANT & HAMILL EIN 41-1788385 NONE | Investment management fees paid indirectly by plan; Investment management Service code 28 | — | $21K |
| MARSH USA INC | Insurance brokerage commissions and fees; Insurance agents and brokers Service code 22 | — | $20K |
| BEACON COMMUNICATIONS EIN 20-1613737 NONE | Consulting (general); Direct payment from the plan Service code 16 | — | $15K |
| WHITESTARS ADVISORS NONE | Direct payment from the plan; Real estate brokerage Service code 32 | 902 CLINT MOORE RD # 104 BOCA RATON, FL 33487 | $12K |
| US BANK NATIONAL ASSOCIATION EIN 31-0841368 NONE | Custodial (securities); Investment management fees paid indirectly by plan; Investment management fees paid directly by plan Service code 19 | — | $489 |
| MARSH USA INC. NONE | Insurance brokerage commissions and fees; Insurance agents and brokers Service code 22 | 550 S. MAIN ST SUITE 600 GREENVILLE, SC 29601 | $0 |
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 | 1,304 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 784 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 2,088 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | DEARBORN NATIONAL LIFE INSURANCE COMPANY | 1,304 | $1.4M |
| Other | DEARBORN NATIONAL LIFE INSURANCE COMPANY | 1,304 | $1.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,304 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.