| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAHOWALD INSURANCE AGENCY3 Filed as: MAHOWALD INSURANCE AGENCY LLC | 916 W ST GERMAIN ST STE 100 ST CLOUD, MN 56301 | PRINCIPAL LIFE INSURANCE COMPANY | $8K | $109 | $8K | 8.08% |
| MAHOWALD INSURANCE AGENCY3 Filed as: MAHOWALD INSURANCE AGENCY LLC | 916 W ST GERMAIN ST STE 100 ST CLOUD, MN 56301 | PREFERREDONE ADMINISTRATIVE SERVICES INC | $31K | $63K | $94K | — |
| TRACY LEE BAILEY3 | 29717 131ST STREET PRINCETON, MN 55371 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $3K | $2K | $5K | — |
| BRENDA LEE CANNING3 | 4227 THRU STREET ST CLOUD, MN 56303 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $1K | $442 | $2K | — |
| BLUE SKY BENEFIT SOLUTIONS INC3 | 1500 39TH ST SOUTH ST CLOUD, MN 56301 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $139 | $1 | $140 | — |
| MELANIE LYNN GRAY3 | 3125 MAPLEWOOD RD WAYZATA, MN 55391 | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | $17 | $0 | $17 | — |
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 | 259 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 259 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREFERREDONE ADMINISTRATIVE SERVICES INC | 211 | $0 |
| Dental(2 contracts, 2 carriers) | PRINCIPAL LIFE INSURANCE COMPANY | 259 | $96K |
| Vision(2 contracts, 2 carriers) | PRINCIPAL LIFE INSURANCE COMPANY | 259 | $96K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 259 | $96K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 259 | $96K |
| Prescription drug | PREFERREDONE ADMINISTRATIVE SERVICES INC | 211 | $0 |
| Stop-loss / reinsurancereinsurance | PREFERREDONE ADMINISTRATIVE SERVICES INC | 211 | $0 |
| Other | COLONIAL LIFE & ACCIDENT INSURANCE COMPANY | 39 | $0 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 259 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.