| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL INC DBA THE BAILEY | 1200 PLANTATION ISLAND DRIVE SAINT AUGUSTINE, FL 32080 | HEALTH OPTION, INC | $31K | — | $31K | 5.00% |
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL INC. DBA THE BAILEY | 1200 PLANTATION ISLAND DRIVE SAINT AUGUSTINE, FL 32080 | BLUE CROSS BLUE SHIELD OF FLORIDA | $14K | — | $14K | 5.00% |
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL INC. | 1200 PLANTATION ISLAND DR SUITE 210 SAINT AUGUSTINE, FL 32080 | HARTFORD LIFE AND ACCIDENT | $15K | — | $15K | 20.00% |
| MFB FINANCIAL DBA THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR S SUITE 210 ST. AUGUSTINE, FL 32080 | STANDARD LIFE AND ACCIDENT | $6K | — | $6K | 10.00% |
| MORGAN WHITE LIMITED DBA MWG BROKER3 | PO BOX 14067 JACKSON, MS 39236 | STANDARD LIFE AND ACCIDENT | $3K | — | $3K | 5.00% |
| CHRISTY PERSONS3 | 19220 PERSONS ROAD MOSS POINT, MS 39562 | STANDARD LIFE AND ACCIDENT | $2K | — | $2K | 3.00% |
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL, INC. | 1200 PLANTATION ISLAND DR. STE 210 ST. AUGUSTINE, FL 32080 | HUMANA INSURANCE COMPANY | $10K | — | $10K | 19.63% |
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL INC. DBA THE BAILEY | 1200 PLANTATION ISLAND DR. STE 210 ST. AUGUSTINE, FL 32080 | COMPBENEFITS COMPANY | $1K | — | $1K | 19.93% |
No Schedule C service providers reported on this filing.
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 | 176 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 176 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts, 3 carriers) | HEALTH OPTION, INC | 116 | $956K |
| Dental(2 contracts, 2 carriers) | HUMANA INSURANCE COMPANY | 117 | $60K |
| Vision | HUMANA INSURANCE COMPANY | 117 | $53K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 176 | $77K |
| Short-term disability | HARTFORD LIFE AND ACCIDENT | 176 | $77K |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 176 | $77K |
| Other(2 contracts, 2 carriers) | HARTFORD LIFE AND ACCIDENT | 176 | $136K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 176 | — |
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.