| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP | 6500 NW 12TH AVE, SUITE 119 FT. LAUDERDALE, FL 33309 | TOKIO MARINE HCC | $29K | — | $29K | 11.04% |
| FAISON GROUP BENEFITS INC3 | PO BOX 6009 ASHLAND, VA 23005 | SUN LIFE ASSURANCE COMPANY OF CANADA | $6K | — | $6K | 16.35% |
| FAISON GROUP BENEFITS INC3 | 6500 NW 12TH AVE FT LAUDERDALE, FL 333096112 | COMPBENEFITS COMPANY | $4K | $203 | $4K | 15.48% |
| GPA3 | 12770 MERIT DRIVE DALLAS, TX 75251 | WESTPORT INSURANCE CORPORATION | $2K | — | $2K | 10.00% |
| FAISON GROUP BENEFITS INC3 | 6500 NW 12TH AVE FT LAUDERDALE, FL 333091146 | HUMANA INSURANCE COMPANY | $1K | $93 | $1K | 10.60% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP | PO BOX 6009 ASHLAND, VA 23005 | FIDELITY SECURITY LIFE INSURANCE | $351 | — | $351 | 9.99% |
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 | 117 | 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) | 117 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | COMPBENEFITS COMPANY | 124 | $27K |
| Vision | HUMANA INSURANCE COMPANY | 121 | $12K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 72 | $37K |
| Stop-loss / reinsurancereinsurance | TOKIO MARINE HCC | 130 | $262K |
| Other(4 contracts, 4 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 130 | $69K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 130 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.