| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | PREFERRED ONE ADMINISTRATIVE SERVICES | $35K | $57K | $92K | 36.51% |
| MAHOWALD INSURANCE AGENCY3 | P.O. BOX 129 ST. CLOUD, MN 56302 | UNUM LIFE INSURANCE COMPANY | $5K | $158 | $5K | 9.43% |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. P.O. BOX 129 ST. CLOUD, MN 56302 | PRINCIPAL LIFE INSURANCE COMPANY | $1K | $0 | $1K | 6.23% |
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 | 297 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 297 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREFERRED ONE ADMINISTRATIVE SERVICES | 284 | $251K |
| Dental | PREFERRED ONE ADMINISTRATIVE SERVICES | 284 | $251K |
| Vision | PREFERRED ONE ADMINISTRATIVE SERVICES | 284 | $251K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 297 | $17K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY | 121 | $50K |
| Prescription drug | PREFERRED ONE ADMINISTRATIVE SERVICES | 284 | $251K |
| Stop-loss / reinsurancereinsurance | PREFERRED ONE ADMINISTRATIVE SERVICES | 284 | $251K |
| Other | AMERICAN FAMILY LIFE ASSURANCE COMPANY | 18 | $14K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 297 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.