| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MICHAEL HUNTER3 Filed as: MICHAEL F HUNTER | THE HUNTER BENEFITS GROUP 2415 ROSEDALE SUITE G MUSCLE SHOALS, AL 35661 | GUARDIAN | $460K | — | $460K | 19.49% |
| ALTERNATIVE INSURANCE RESOURCES INC3 | PO BOX 660787 BIRMINGHAM, AL 35266 | SUN LIFE ASSURANCE COMPANY OF CANADA | $68K | — | $68K | 9.28% |
| WILLIAM VENARD CABLE3 Filed as: WILLIAM V CABLE | PO BOX 660787 BIRMINGHAM, AL 35266 | HARTFORD LIFE AND ACCIDENT | $10K | — | $10K | 9.24% |
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 | 1,697 | 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) | 1,697 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | SUN LIFE ASSURANCE COMPANY OF CANADA | 1,702 | $734K |
| Vision | GUARDIAN | 2,218 | $2.4M |
| Life insurance | GUARDIAN | 2,218 | $2.4M |
| Short-term disability(2 contracts, 2 carriers) | GUARDIAN | 2,218 | $2.5M |
| Long-term disability(2 contracts, 2 carriers) | GUARDIAN | 2,218 | $2.5M |
| Other | GUARDIAN | 2,218 | $2.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,218 | — |
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.