| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FIRST MEDICAL HEALTH PLAN INC3 Filed as: FIRST MEDICAL HEALTH PLAN INC. | PO BOX 191580 SAN JUAN, PR 009191518 | FIRST MEDICAL HEALTH PLAN INC. | — | $216K | $216K | 9.40% |
| MYRIAD BENEFITS INCORPORATED3 Filed as: MYRIAD BENEFIST, INC. | PO BOX 1377 GUAYNABO, PR 00970 | FIRST MEDICAL HEALTH PLAN INC. | $115K | — | $115K | 4.99% |
| FIRST MEDICAL HEALTH PLAN INC3 Filed as: FIRST MEDICAL HEALTH PLAN INC. | PO BOX 191580 SAN JUAN, PR 009191518 | FIRST MEDICAL HEALTH PLAN INC. | — | $2K | $2K | 9.40% |
| MYRIAD BENEFITS INCORPORATED3 Filed as: MYRIAD BENEFIST INC. | PO BOX 1377 GUAYNABO, PR 00970 | FIRST MEDICAL HEALTH PLAN INC. | $1K | — | $1K | 5.00% |
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 | 495 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 495 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Dental(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Vision(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Life insurance(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Prescription drug(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Other(2 contracts) | FIRST MEDICAL HEALTH PLAN INC. | 489 | $2.3M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 489 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.