| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN STREET ST. CLOUD, MN 56302 | PRINCIPAL LIFE INSURANCE COMPANY | $2K | $74 | $2K | 8.26% |
| TRACY LEE BAILEY3 | 29717 131ST STREET PRINCETON, MN 55371 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $2K | $2K | $4K | — |
| BRENDA LEE CANNING3 | 4227 THRU STREET ST. CLOUD, MN 56303 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $539 | $152 | $691 | — |
| MELANIE LYNN GRAY3 | 3125 MAPLEWOOD ROAD WAYZATA, MN 55391 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $555 | $0 | $555 | — |
| BLUE SKY BENEFIT SOLUTIONS INC3 | 1500 39TH STREET SOUTH ST. CLOUD, MN 56301 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $326 | $82 | $408 | — |
| JACOB ELI CHAMPA3 | 10029 MAYHEW LAKE ROAD NE SAUK RAPIDS, MN 56379 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $22 | $0 | $22 | — |
| MALLORY DANAE AITCHISON3 | 5793 SPIRIT HILL ROAD MONTICELLO, MN 55362 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $2 | $1 | $3 | — |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN STREET ST. CLOUD, MN 56302 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $5K | $440 | $5K | — |
| MAHOWALD INSURANCE AGENCY3 | 916 ST. GERMAIN STREET ST. CLOUD, MN 56302 | PREFERRED ONE ADMINISTRATIVE SERVICES | $37K | $71K | $108K | — |
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 | 254 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 254 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREFERRED ONE ADMINISTRATIVE SERVICES | 234 | $0 |
| Dental | PREFERRED ONE ADMINISTRATIVE SERVICES | 234 | $0 |
| Vision | PREFERRED ONE ADMINISTRATIVE SERVICES | 234 | $0 |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 254 | $22K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 118 | $0 |
| Prescription drug | PREFERRED ONE ADMINISTRATIVE SERVICES | 234 | $0 |
| Stop-loss / reinsurancereinsurance | PREFERRED ONE ADMINISTRATIVE SERVICES | 234 | $0 |
| Other | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | 36 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 254 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.