| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH PUERTO RICO | PO BOX 9023549 SAN JUAN, PR 00902 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $25K | — | $25K | 20.00% |
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 007150299 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $4K | $4K | 3.37% |
| CENTRAL GROUP INSURANCE AGENCY3 Filed as: CENTRAL GROUP INSURANCE AGENCY, INC | PO BOX 1868 DORADO, PR 00646 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $4K | $4K | 2.88% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH PUERTO RICO INC. | PO BOX 9023549 SAN JUAN, PR 00902 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | — | $5K | 20.00% |
| INNOVA INSURANCE3 | PO BOX 299 MERCEDITA, PR 007150299 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $803 | $803 | 3.39% |
| CENTRAL GROUP INSURANCE AGENCY3 Filed as: CENTRAL GROUP INSURANCE AGENCY, INC | PO BOX 1868 DORADO, PR 00646 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $676 | $676 | 2.85% |
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 | 356 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 356 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 356 | $123K |
| Other | LIFE INSURANCE COMPANY OF NORTH AMERICA | 356 | $24K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 356 | — |
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.