| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VALENT GROUP5 | 3500 BLUE LAKE DR STE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $22K | $25K | $47K | 21.19% |
| VALENT GROUP3 | 3500 BLUE LAKE DR #120 BIRMINGHAM, AL 35243 | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | $6K | $10K | $16K | 12.56% |
| VALENT GROUP5 | 3500 BLUE LAKE DR STE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $16K | $16K | 13.05% |
| VALENT GROUP5 | 3500 BLUE LAKE DR STE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $6K | $6K | 16.61% |
| VALENT GROUP3 Filed as: VALENT GROUP, LLC | 3500 BLUE LAKE DR STE 120 BIRMINGHAM, AL 352431909 | RELIASTAR LIFE INSURANCE COMPANY | $7K | — | $7K | 20.00% |
| VALENT GROUP3 | 3500 BLUE LAKE DR #120 BIRMINGHAM, AL 35243 | LINCOLN LIFE ASSURANCE COMPANY OF BOSTON | — | $7K | $7K | 23.35% |
| VALENT GROUP5 | 3500 BLUE LAKE DR STE 120 BIRMINGHAM, AL 35243 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $2K | $2K | 13.28% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS AND BLUE SHIELD OF ALBAM EIN 63-0103830 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | — | $2.3M |
| DELTA DENTAL INSURANCE COMPANY EIN 94-2761537 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | — | $120K |
| NEW DIRECTIONS BEHAVIORAL HEALTH EIN 43-1698690 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | — | $48K |
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 | 2,982 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 122 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 3,104 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 2,511 | $556K |
| Life insurance(3 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 5,315 | $386K |
| Long-term disability(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,766 | $154K |
| Other(2 contracts, 2 carriers) | RELIASTAR LIFE INSURANCE COMPANY | 2,466 | $50K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 5,315 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.