| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE SOUTHLAKE FINANCIAL GROUP LLC3 | 3535 GRANDVIEW PKWY STE 400 BIRMINGHAM, AL 35243 | METROPOLITAN LIFE INSURANCE COMPANY | $62K | $49 | $62K | 1.53% |
| THE BENEFIT COMPANY INC3 Filed as: THE BENEFIT COMPANY LLC | 6 CONCOURSE PKWY NE STE 2750 ATLANTA, AL 30328 | METROPOLITAN LIFE INSURANCE COMPANY | $20K | $28 | $20K | 0.50% |
| USI INSURANCE SERVICES LLC | 1000 URBAN CENTER DRIVE SUITE 400 BIRMINGHAM, AL 35242 | ZURICH AMERICAN INSURANCE COMPANY | $2K | — | $2K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BCBS OF ALABAMA EIN 63-0103830 MEDICAL / PBM ASO | Claims processing Service code 12 | 450 RIVERCHASE PARKWAY EAST BIRMINGHAM, AL 35298 | $959K |
| BEHAVIORAL HEALTH SYSTEMS EIN 63-1007625 MENTAL HEALTH PROVIDER | Claims processing Service code 12 | TWO METROPLEX DRIVE SUITE 500 BIRMINGHAM, AL 35209 | $285K |
| TASC EIN 39-1561025 FLEXIBLE SPENDING TPA | Insurance services Service code 23 | PO BOX 88278 MILWAUKEE, WI 53288 | $39K |
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 | 1,948 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,948 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Short-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Other(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 621 | $4.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 621 | — |
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."
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.