| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | PREFERRED ONE ADMINISTRATIVE SERVICES | $38K | $64K | $102K | 37.21% |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | UNUM LIFE INSURANCE COMPANY | $4K | $129 | $5K | 8.35% |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | PRINCIPAL LIFE INSURANCE COMPANY | $1K | $0 | $1K | 9.48% |
| TRACY LEE BAILEY3 | 29717 131ST ST. PRINCETON, MN 55371 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1K | $3K | $4K | 32.88% |
| BRETT HEITLAND3 | 12290 FREMONT LANE ZIMMERMAN, MN 55398 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $3K | $284 | $3K | 22.83% |
| BLUE SKY BENEFIT SOLUTIONS INC3 Filed as: BLUE SKY BENEFIT SOLUTIONS | 1500 39TH ST. S. ST. CLOUD, MN 56301 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1K | $2K | $3K | 22.38% |
| BRENDA LEE CANNING3 | 4227 THRU STREET ST. CLOUD, MN 56303 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $2K | $467 | $2K | 18.43% |
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 | 296 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 296 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREFERRED ONE ADMINISTRATIVE SERVICES | 271 | $273K |
| Dental | PREFERRED ONE ADMINISTRATIVE SERVICES | 271 | $273K |
| Vision | PREFERRED ONE ADMINISTRATIVE SERVICES | 271 | $273K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 296 | $13K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY | 128 | $55K |
| Prescription drug | PREFERRED ONE ADMINISTRATIVE SERVICES | 271 | $273K |
| Stop-loss / reinsurancereinsurance | PREFERRED ONE ADMINISTRATIVE SERVICES | 271 | $273K |
| Other | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | 20 | $13K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 296 | — |
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.