| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 00715 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $461K | $100K | $561K | 121.82% |
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 00715 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $393K | $86K | $478K | 121.79% |
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 00715 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $82K | $18K | $100K | 121.82% |
| OLYMPIC AGENCY INC3 | B5 CALLE TABONUCO ST SUITE 202 GUAYNABO, PR 00968 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $16K | $3K | $19K | 116.59% |
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 00715 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $11K | $2K | $13K | 121.73% |
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 | 2,857 | Currently employed and enrolled or eligible. |
| Retired/separated still eligible | 1,065 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 3,922 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,857 | $393K |
| Other(4 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,857 | $570K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,857 | — |
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.