| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT WATCH LLC3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | $84K | — | $84K | 1.25% |
| BENEFIT WATCH LLC3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | SUN LIFE ASSURANCE COMPANY OF CANADA | $43K | — | $43K | 7.40% |
| BENEFIT WATCH LLC3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | VERATRUS BENEFIT SOLUTIONS | $8K | — | $8K | 10.00% |
| BUCHANAN, PHILIP K3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | UNUM INSURANCE COMPANY | $8K | — | $8K | 15.00% |
| BUCHANAN, PHILIP K3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | UNUM INSURANCE COMPANY | $7K | — | $7K | 15.00% |
| BUCHANAN, PHILIP K3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | UNUM INSURANCE COMPANY | $5K | — | $5K | 15.00% |
| BENEFIT WATCH LLC3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $5K | — | $5K | 19.60% |
| BENEFIT WATCH LLC3 | 4969 MERCANTILE ROAD SUITE J BALTIMORE, MD 21236 | DELTA DENTAL OF IOWA | $7K | $2K | $9K | — |
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 | 932 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 8 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 16 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 956 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF IOWA | 730 | $0 |
| Vision | VERATRUS BENEFIT SOLUTIONS | 640 | $75K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 932 | $577K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 932 | $577K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 932 | $577K |
| Stop-loss / reinsurancereinsurance | WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | 765 | $6.7M |
| Other(5 contracts, 3 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 932 | $730K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 932 | — |
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."
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.