| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HENRY W. STRONG3 Filed as: HENRY W STRONG | PO BOX 530795 MOUNTAIN BROOK, AL 35253 | SYMETRA LIFE INSURANCE COMPANY | $2K | — | $2K | 3.11% |
| THE PRIESTLEY COMPANY3 Filed as: PRIESTLEY COMPANY | 3100 SUNVIEW DRIVE STE 100 BIRMINGHAM, AL 35243 | SYMETRA LIFE INSURANCE COMPANY | $2K | — | $2K | 3.11% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GULF STATES CONSULTANTS & ADMINISTR EIN 63-0836919 NONE | Consulting (general); Recordkeeping and information management (computing, tabulating, data processing, etc.); Plan Administrator Service code 14 | 1717 OLD SHELL ROAD MOBILE, AL 36604 | $71K |
| WAY, RAY, SHELTON & CO. PC EIN 63-0962807 NONE | Accounting (including auditing) Service code 10 | 216 MCFARLAND CIRCLE NORTH TUSCALOOSA, AL 35406 | $12K |
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 | 240 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 52 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 292 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 677 | $1.9M |
| Life insurance | SYMETRA LIFE INSURANCE COMPANY | 274 | $51K |
| Prescription drug | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 677 | $1.9M |
| Other(2 contracts, 2 carriers) | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 677 | $2.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 677 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
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.