| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT SOLUTIONS INC5 Filed as: BENEFIT SOLUTIONS | PO BOX 385 TAYLORSVILLE, NC 28681 | HCC LIFE INSURANCE COMPANY | — | $157K | $157K | 2.41% |
| HCC LIFE INSURANCE COMPANY3 | 225 TOWNPARK DR., STE. 350 KENNESAW, GA 30144 | HCC LIFE INSURANCE COMPANY | $105K | — | $105K | 1.62% |
| MEDCOST BENEFIT SERVICES Filed as: MEDCOST LLC | PO BOX 896527 CHARLOTTE, NC 28289 | HCC LIFE INSURANCE COMPANY | — | $70K | $70K | 1.07% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT SOLUTIONS, INC. EIN 56-1786883 NONE | Contract Administrator Service code 13 | P.O. BOX 385 TAYLORSVILLE, NC 28681 | $46K |
| RAY, BUMGARNER, KINGSHILL & ASSOC. EIN 56-1371036 NONE | Accounting (including auditing) Service code 10 | 385 N HAYWOOD ST, STE 3 WAYNESVILLE, NC 28786 | $9K |
| CARTER, P.C. EIN 38-3828234 NONE | Accounting (including auditing) Service code 10 | 16 BILTMORE AVE, STE 200 ASHEVILLE, NC 28801 | $8K |
| WELLS FARGO ADVISORS FIRST CLEARING EIN 23-2384840 NONE | Direct payment from the plan Service code 50 | ONE NORTH JEFFERSON AVE ST LOUIS, MO 63103 | $7K |
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 | 842 | 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) | 842 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HCC LIFE INSURANCE COMPANY | 842 | $6.5M |
| Prescription drug | HCC LIFE INSURANCE COMPANY | 842 | $6.5M |
| Stop-loss / reinsurancereinsurance | HCC LIFE INSURANCE COMPANY | 842 | $6.5M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 842 | — |
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.
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.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.