| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FINANCIAL PRODUCTS AND SERVICE3 Filed as: FINANCIAL PRODUCTS SERVICES INC | 211 ATHENS WAY STE 100 NASHVILLE, TN 372281381 | PRINCIPAL LIFE INSURANCE COMPANY | $5K | — | $5K | 14.99% |
| FINANCIAL PRODUCTS AND SERVICE3 Filed as: FINANCIAL PRODUCTS SERVICES INC | 211 ATHENS WAY STE 100 NASHVILLE, TN 372281381 | PRINCIPAL LIFE INSURANCE COMPANY | $3K | — | $3K | 14.99% |
| CITIZENS NATIONAL BANK3 | 1612 S CONGRESS PARKWAY ATHENS, TN 37303 | USABLE LIFE | $3K | — | $3K | 15.00% |
| GROUP INSURANCE SERVICES INC3 | 1 CAMERON HILL CIRCLE 2.5 CHATTANOOGA, TN 37402 | USABLE LIFE | $849 | $415 | $1K | 6.09% |
| JACKIE IMBREY, CFP, CHFC, CLU3 | 1322 DOWELL SPRINGS BLVD KNOXVILLE, TN 37909 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | $74 | — | $74 | 3.60% |
| DAVID JEFFRIES, CFP3 | 1322 DOWELL SPRINGS BLVD KNOXVILLE, TN 37909 | EQUITABLE FINANCIAL LIFE INSURANCE COMPANY OF AMERICA | $74 | — | $74 | 3.60% |
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 | 185 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 185 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(3 contracts, 3 carriers) | PRINCIPAL LIFE INSURANCE COMPANY | 244 | $56K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 99 | $23K |
| Other | USABLE LIFE | 208 | $21K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 244 | — |
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.