| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| TOMMY HAYES3 | 216 GIRARD AVE NW FORT WALTON BEACH, FL 32548 | UNITED HEALTH CARE INSURANCE COMPANY | $116K | $0 | $116K | 6.00% |
| TOMMY HAYES0 | 216 GIRARD AVE NW FORT WALTON BEACH, FL 32548 | METROPOLITAN LIFE INSURANCE COMPANY | $5K | $0 | $5K | 2.59% |
| GLENN PLANNING GROUP INC3 | 1500 SETON PLACE FLEMING ISLAND, FL 32003 | PRINCIPAL LIFE INSURANCE COMPANY | $30K | $0 | $30K | 17.00% |
| EXCELSIOR BENEFITS LLC3 | PO BOX 320 EXCELSIOR, MN 55331 | PRINCIPAL LIFE INSURANCE COMPANY | $5K | $0 | $5K | 3.00% |
| TOMMY HAYES3 | 216 GIRARD AVE NW FORT WALTON BEACH, FL 32548 | METROPOLITAN LIFE INSURANCE COMPANY | $3K | $0 | $3K | 6.47% |
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 | 494 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 494 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITED HEALTH CARE INSURANCE COMPANY | 254 | $1.9M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 494 | $201K |
| Life insurance(2 contracts, 2 carriers) | PRINCIPAL LIFE INSURANCE COMPANY | 301 | $215K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 274 | $41K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 494 | — |
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.