| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LIPSCOMB & PITTS INSURANCE LLC3 Filed as: LIPSCOMB & PITTS COMPANY | 2670 UNION AVE EXT 100 MEMPHIS, TN 38112 | COMPANION LIFE INSURANCE COMPANY | $19K | — | $19K | 5.01% |
| NELLIGAN3 | 1933 STATE ROUTE 35 SUITE 368 WALL, NJ 07719 | COMPANION LIFE INSURANCE COMPANY | $4K | — | $4K | 0.99% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 CLAIM ADMINISTRATION | Direct payment from the plan; Claims processing; Non-monetary compensation; Participant communication; Named fiduciary; Other services; Contract Administrator; Float revenue Service code 12 | — | $417K |
| LIPSCOMB & PITTS COMPANY BROKER/CONSULTANT | Insurance agents and brokers; Consulting fees; Insurance brokerage commissions and fees; Consulting (general); Direct payment from the plan Service code 16 | 2670 UNION AVE EXT 100 MEMPHIS, TN 38112 | $21K |
| HORNE EIN 20-1941244 AUDITOR | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $18K |
| WEX HEALTH INC COBRA ADMINISTRATION | Direct payment from the plan; Contract Administrator Service code 13 | P O BOX 9528 877-765-8810 FARGO, ND 581069528 | $4K |
| HIGGINBOTHAM INSURANCE AGENCY INC BROKER/CONSULTANT | Consulting fees; Direct payment from the plan; Insurance agents and brokers; Insurance brokerage commissions and fees; Consulting (general) Service code 16 | 500 W 13TH ST FORT WORTH, TX 76102 | $0 |
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 | 527 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 530 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Stop-loss / reinsurancereinsurance | COMPANION LIFE INSURANCE COMPANY | 530 | $373K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 530 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.