| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE PRIESTLEY COMPANY3 | 3100 SUNVIEW DRIVE STE 100 BIRMINGHAM, AL 35243 | SYMETRA LIFE INSURANCE COMPANY | $2K | — | $2K | 7.50% |
| HENRY W. STRONG3 | P.O. BOX 530795 MOUNTAIN BROOK, AL 35253 | SYMETRA LIFE INSURANCE COMPANY | $2K | — | $2K | 7.50% |
| HENRY W. STRONG3 | P.O. BOX 530795 MOUNTAIN BROOK, AL 35253 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $913 | — | $913 | 7.50% |
| THE PRIESTLEY COMPANY3 | 3100 SUNVIEW DRIVE STE 100 VESTAVIA, AL 35243 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $913 | — | $913 | 7.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| REGIONS BANK EIN 63-0371391 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.); Custodial (securities) Service code 15 | 1901 6TH AVENUE NORTH BIRMINGHAM, AL 35203 | $16K |
| WAY, RAY, SHELTON & CO. PC EIN 63-0962807 NONE | Accounting (including auditing) Service code 10 | 216 MCFARLAND CIRCLE NORTH TUSCALOOSA, AL 35406 | $9K |
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 | 231 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 35 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 266 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 681 | $1.8M |
| Life insurance(2 contracts, 2 carriers) | SYMETRA LIFE INSURANCE COMPANY | 229 | $45K |
| Prescription drug | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 681 | $1.8M |
| Other(3 contracts, 3 carriers) | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 681 | $1.8M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 681 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.