| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | PREFERRED ONE ADMINISTRATIVE SERVICES | $39K | $71K | $110K | 33.11% |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $5K | $445 | $5K | 9.23% |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN ST. ST. CLOUD, MN 56302 | PRINCIPAL LIFE INSURANCE COMPANY | $2K | $0 | $2K | 7.27% |
| TRACY LEE BAILEY3 | 29717 131ST ST. PRINCETON, MN 55371 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $3K | $5K | $8K | 31.60% |
| BLUE SKY BENEFIT SOLUTIONS INC3 | 1500 39TH ST. S. ST. CLOUD, MN 56301 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $503 | $943 | $1K | 6.01% |
| BRENDA LEE CANNING3 | 4227 THRU ST. ST. CLOUD, MN 56303 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1K | $268 | $1K | 5.31% |
| LAURA MARIE COOK3 | 6073 315TH ST. STACY, MN 55079 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1K | $0 | $1K | 4.44% |
| JULIE MARIE AGRIMSON3 | 14158 WOODCHUCK TRAIL NW PRIOR LAKE, MN 55372 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1 | $0 | $1 | 0.00% |
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 | 300 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 300 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREFERRED ONE ADMINISTRATIVE SERVICES | 264 | $332K |
| Dental | PREFERRED ONE ADMINISTRATIVE SERVICES | 264 | $332K |
| Vision | PREFERRED ONE ADMINISTRATIVE SERVICES | 264 | $332K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 300 | $24K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 125 | $55K |
| Prescription drug | PREFERRED ONE ADMINISTRATIVE SERVICES | 264 | $332K |
| Stop-loss / reinsurancereinsurance | PREFERRED ONE ADMINISTRATIVE SERVICES | 264 | $332K |
| Other | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | 35 | $24K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 300 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.