| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVE S STE 500 ST PETERSBURG, FL 337014200 | AETNA HEALTH, INC. | $104K | — | $104K | 2.61% |
| PLANSOURCE BENEFITS ADMINISTRATION5 Filed as: PLANSOURCE HOLDINGS, INC | 101 S GARLAND AVE STE 203 ORLANDO, FL 32801 | AETNA HEALTH, INC. | $23K | — | $23K | 0.57% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVE S STE 500 ST. PETERSBURG, FL 337014200 | AETNA LIFE INSURANCE CO. | $27K | — | $27K | 10.39% |
| PLANSOURCE BENEFITS ADMINISTRATION5 Filed as: PLANSOURCE HOLDINGS, INC | 101 S GARLAND AVE STE 203 ORLANDO, FL 32801 | AETNA LIFE INSURANCE CO. | $13K | — | $13K | 5.20% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVE S STE 500 ST PETERSBURG, FL 337014200 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $36K | — | $36K | 15.00% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 1ST AVE S STE 500 PO BOX 33020 ST PETERSBURG, FL 33733 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $28K | — | $28K | 14.25% |
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE WELCH & WILLINGHAM INC. | 300 FIRST AVE S FIFTH FLOOR ST. PETERSBURG, FL 33701 | ALLSTATE | $8K | — | $8K | 10.40% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVENUE SOUTH 5TH FLOOR ST PETERSBURG, FL 33701 | ADVANTICA INSURANCE COMPANY | $6K | — | $6K | 12.00% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 FIRST AVE S STE 500 PO BOX 33020 ST PETERSBURG, FL 33733 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $298 | — | $298 | 10.01% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC BROKER | Other commissions Service code 55 | 300 FIRST AVE S STE 500 ST PETERSBURG, FL 337014200 | $104K |
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 | 615 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 619 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | ALLSTATE | 132 | $77K |
| Dental | AETNA LIFE INSURANCE CO. | 855 | $256K |
| Vision | ADVANTICA INSURANCE COMPANY | 556 | $49K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 615 | $199K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 565 | $243K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 565 | $243K |
| Other(3 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 615 | $280K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 855 | — |
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.