| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC3 | PO BOX 33020 ST. PETERSBURG, FL 337338020 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $25K | $5K | $30K | 17.76% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVENUE SOUTH 5TH FLOOR ST. PETERSBURG, FL 33701 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $9K | $2K | $10K | 36.98% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVE 5TH FLOOR ST PETERSBURG, FL 337014200 | HUMANA INSURANCE COMPANY | $2K | $122 | $2K | 8.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UMR, INC EIN 39-1995276 CLAIM PROCESSING | Claims processing Service code 12 | — | $237K |
| WALLACE WELCH & WILLINGHAM INC EIN 59-1203168 BROKER | Other commissions Service code 55 | 300 FIRST AVE S 5TH FLR ST PETERSBURG, FL 33701 | $9K |
| CHARLES NECHTEM ASSOCIATES INC EIN 13-3242036 EAP ADMIN | Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator Service code 13 | 595 BAY ISLES RD #115 LONGBOAT KEY, FL 34228 | $8K |
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 | 387 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 390 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 309 | $28K |
| Vision | HUMANA INSURANCE COMPANY | 231 | $25K |
| Life insurance | UNITED OF OMAHA LIFE INSURANCE COMPANY | 387 | $167K |
| Long-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 387 | $167K |
| Other(3 contracts, 3 carriers) | GUARDIAN LIFE | 387 | $696K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 387 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.