| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HUMANA INSURANCE OF PUERTO RICO3 | 383 AVENIDA FD ROOSEVELT SAN JUAN, PR 00918 | HUMANA INSURANCE OF PUERTO RICO | — | $297K | $297K | 17.50% |
| MYRIAD BENEFITS INC3 | PO BOX 1377 GUAYNBO, PR 00970 | HUMANA INSURANCE OF PUERTO RICO | $85K | — | $85K | 4.99% |
| FIRST MEDICAL HEALTH PLAN INC3 | PO BOX 191580 SAN JUAN, PR 009191518 | FIRST MEDICAL HEALTH PLAN INC | — | $113K | $113K | 9.10% |
| HUMAN ADVANTAGE INSURANCE BROKERS3 | 1103 AVENIDA MUNOZ RIVERA SAN JUAN, PR 00918 | FIRST MEDICAL HEALTH PLAN INC | $63K | $0 | $63K | 5.03% |
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 | 336 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 336 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HUMANA INSURANCE OF PUERTO RICO | 171 | $2.9M |
| Dental(2 contracts, 2 carriers) | HUMANA INSURANCE OF PUERTO RICO | 171 | $2.9M |
| Vision(2 contracts, 2 carriers) | HUMANA INSURANCE OF PUERTO RICO | 171 | $2.9M |
| Life insurance | FIRST MEDICAL HEALTH PLAN INC | 171 | $1.2M |
| Prescription drug(2 contracts, 2 carriers) | HUMANA INSURANCE OF PUERTO RICO | 171 | $2.9M |
| Other(2 contracts, 2 carriers) | HUMANA INSURANCE OF PUERTO RICO | 171 | $2.9M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 171 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.