| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE, WELCH & WILLINGHAM, INC. | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | HEALTH OPTIONS, INC | $99K | $0 | $99K | 5.00% |
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE, WELCH & WILLINGHAM, INC. | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | BLUE CROSS BLUE SHIELD OF FLORIDA | $12K | — | $12K | 5.00% |
| WWW INSURANCE, LLC3 | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | FLORIDA COMBINED LIFE | $5K | $0 | $5K | 7.08% |
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE, WELCH & WILLINGHAM, INC. | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | FLORIDA COMBINED LIFE | $793 | $0 | $793 | 1.07% |
| WWW INSURANCE, LLC3 | 300 FIRST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | METROPOLITAN LIFE INSURANCE COMPANY | $2K | $0 | $2K | 12.02% |
| WWW INSURANCE, LLC3 | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | USABLE LIFE | $866 | $0 | $866 | 8.01% |
| WALLACE WELCH & WILLINGHAM INC3 Filed as: WALLACE, WELCH & WILLINGHAM, INC. | 300 1ST AVENUE SOUTH, 5TH FLOOR SAINT PETERSBURG, FL 33701 | USABLE LIFE | $432 | $0 | $432 | 4.00% |
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 | 270 | 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) | 270 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HEALTH OPTIONS, INC | 185 | $2.2M |
| Dental | FLORIDA COMBINED LIFE | 151 | $74K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 322 | $17K |
| Life insurance | USABLE LIFE | 270 | $11K |
| Prescription drug(2 contracts, 2 carriers) | HEALTH OPTIONS, INC | 185 | $2.2M |
| Other | USABLE LIFE | 270 | $11K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 322 | — |
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.