| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FREY & ASSOCIATES3 | 460 COUNTY ROAD 1192 CULLMAN, AL 35057 | METROPOLITAN LIFE INSURANCE COMPANY | $13K | — | $13K | 9.11% |
| FREY & ASSOCIATES3 Filed as: FREY & ASSOCIATES INC | 460 COUNTY ROAD 1192 CULLMAN, AL 35057 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $12K | — | $12K | 10.00% |
| CLINT FREY3 Filed as: CLINT N FREY | 460 COUNTRY ROAD CULLMAN, AL 35057 | NATIONAL GUARDIAN LIFE INSURANCE CORPORATION | $3K | — | $3K | 9.71% |
| FREY & ASSOCIATES3 | 460 COUNTY ROAD 1192 CULLMAN, AL 35057 | HUMANA INSURANCE COMPANY | $642 | — | $642 | 9.99% |
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 | 346 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 346 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 242 | $121K |
| Vision(2 contracts, 2 carriers) | NATIONAL GUARDIAN LIFE INSURANCE CORPORATION | 208 | $39K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 315 | $144K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 315 | $144K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 315 | $144K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 315 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.