| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MFB FINANCIAL DBA THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | SUN LIFE ASSURANCE COMPANY OF CANADA | $81K | $13K | $93K | 24.83% |
| NFP INSURANCE SERVICES INC3 | 1250 S CAPITAL OF TEXAS HWY #2-125 AUSTIN, TX 78746 | SUN LIFE ASSURANCE COMPANY OF CANADA | $0 | $2K | $2K | 0.57% |
| THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DRIVE ST. AUGUSTINE, FL 32080 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $29K | $2K | $31K | 9.32% |
| LARSON INSURANCE GROUP3 | 1497 MAIN ST 307 DUNEDIN, FL 34698 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $29K | $0 | $29K | 8.78% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $37K | $0 | $37K | 15.00% |
| MFB FINANCIAL DBA THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 320803115 | HUMANA INSURANCE COMPANY OF NE | $10K | $0 | $10K | 7.57% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR #210 ST. AUGUSTINE, FL 32080 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $16K | $192 | $16K | 20.24% |
| MFB FINANCIAL INC3 Filed as: MFB FINANCIAL INC THE BAILEY GROUP | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $11K | $18 | $11K | 20.03% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | HUMANADENTAL INSURANCE COMPANY | $6K | $1K | $7K | 23.46% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | US LEGAL | $4K | $0 | $4K | 16.87% |
| LARSON INSURANCE GROUP3 | 1497 MAIN ST #307 DUNEDIN, FL 34698 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $2K | $0 | $2K | 8.65% |
| THE BAILEY GROUP3 | 1200 PLANTATION ISLAND DR ST. AUGUSTINE, FL 32080 | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | $2K | $0 | $2K | 8.65% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | $0 | $3K | 15.00% |
| MFB FINANCIAL INC3 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | $0 | $2K | 20.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUECROSS BLUESHIELD OF FLORIDA EIN 59-2015694 CONTRACT ADMINISTRATOR | Contract Administrator Service code 13 | — | $670K |
| AMERIFLEX, LLC EIN 22-3639401 CONTRACT ADMINISTRATOR | Contract Administrator Service code 13 | — | $0 |
| MFB FINANCIAL INC EIN 59-3391619 INSURANCE AGTS AND BROKER | Insurance agents and brokers Service code 22 | 1200 PLANTATION ISLAND DR STE 210 ST. AUGUSTINE, FL 32080 | $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 | 1,248 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 11 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 1,259 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | HUMANADENTAL INSURANCE COMPANY | 1,285 | $29K |
| Vision | HUMANA INSURANCE COMPANY OF NE | 890 | $133K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,389 | $248K |
| Short-term disability(3 contracts, 2 carriers) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,212 | $160K |
| Long-term disability | LIBERTY LIFE ASSURANCE COMPANY OF BOSTON | 1,212 | $335K |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 1,239 | $376K |
| Other(5 contracts, 4 carriers) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 1,389 | $139K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,389 | — |
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.