| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE WELCH & WILLINGHAM | PO BOX 33020 ST PETERSBURG, FL 337338020 | METROPOLITAN LIFE INSURANCE COMPANY | $2K | — | $2K | 16.41% |
| WALLACE WELCH & WILLINGHAM INC3 | 300 1ST AVE S STE 500 5TH FLOOR ST PETERSBURG, FL 33701 | UNION SECURITY INSURANCE COMPANY | $779 | — | $779 | 10.06% |
| BROWN AND BROWN OF FLORIDA, INC.3 Filed as: KENNETH W BROWN | 916 BRENTWOOD DR APOPKA, FL 32712 | UNION SECURITY INSURANCE COMPANY | $267 | — | $267 | 3.45% |
| FELTON MCCRAY BRKRG3 Filed as: FELTON MCCRARY | 9670 KEMWOOD ROAD BLUE ASH, OH 45242 | UNION SECURITY INSURANCE COMPANY | $96 | — | $96 | 1.24% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC INS BROKER | Insurance agents and brokers Service code 22 | 300 FIRST AVENUE SOUTH STE 500 ST PETERSBURG, FL 337014200 | $52K |
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 | 293 | 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) | 293 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | UNION SECURITY INSURANCE COMPANY | 53 | $8K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 293 | $11K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 293 | $11K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 293 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.