| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VALENT GROUP3 Filed as: VALENT GROUP, LLC | 3500 BLUE LAKE DRIVE SUITE 120 BIRMINGHAM, AL 35243 | CANOPY INSURANCE CORP | $6K | — | $6K | 10.00% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 Filed as: JAMES R NELLIGAN & ASSOCIATES, LLC | 1933 STATE ROUTE 35 SUITE 368 WALL, NJ 07719 | CANOPY INSURANCE CORP | $2K | — | $2K | 3.50% |
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE SUITE 120 BIRMINGHAM, AL 35253 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $7K | $1K | $8K | 17.01% |
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE SUITE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $6K | $743 | $7K | 16.92% |
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE SUITE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | $458 | $4K | 16.94% |
| VALENT GROUP3 Filed as: VALENT GROUP LLC | 3500 BLUE LAKE DRIVE SUITE 120 VESTAVIA, AL 35243 | VISION SERVICE PLAN | $1K | — | $1K | 6.07% |
| VALENT GROUP3 | 3500 BLUE LAKE DRIVE SUITE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $284 | $9 | $293 | 15.49% |
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 | 156 | 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) | 156 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | CANOPY INSURANCE CORP | 101 | $58K |
| Vision | VISION SERVICE PLAN | 90 | $18K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 132 | $50K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 151 | $24K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 67 | $39K |
| Other(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 151 | $52K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 151 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.