| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROFESSIONAL BENEFIT SERVICES, INC.3 Filed as: PROFESSIONAL BENEFIT SERVICES | 599 GINGERMILL LN LEXINGTON, KY 40509 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $88K | — | $88K | 7.90% |
| PROFESSIONAL BENEFIT SERVICES, INC.3 | 599 GINGERMILL LANE LEXINGTON, KY 40509 | AMERITAS LIFE INSURANCE CORP | $8K | — | $8K | 2.44% |
| TIMOTHY RAYMOND PEARSE3 | 599 GINGERMILL LANE LEXINGTON, KY 40509 | PRINCIPAL LIFE INSURANCE COMPANY | $13K | — | $13K | 10.03% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 TPA | Non-monetary compensation; Claims processing; Other services; Float revenue; Other fees; Named fiduciary; Participant communication; Contract Administrator; Direct payment from the plan Service code 12 | — | $357K |
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 | 995 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 995 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,119 | $1.1M |
| Dental | AMERITAS LIFE INSURANCE CORP | 2,441 | $328K |
| Life insurance | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,119 | $1.1M |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 201 | $127K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 201 | $127K |
| Other | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,119 | $1.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,441 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.