| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| AUGUSTINE A OLALERE3 | 845 LOWCOUNTRY BLVD, SUITE S MT. PLEASANT, SC 29464 | THE UNION LABOR LIFE INSURANCE CO. | — | $85K | $85K | 9.00% |
| CORNERSTONE FINANCIAL LLP3 Filed as: CORNERSTONE FINANCIAL, LLC | 845 LOWCOUNTRY BLVD, SUITE S MT. PLEASANT, SC 29464 | THE UNION LABOR LIFE INSURANCE CO. | — | $24K | $24K | 2.53% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| THOMAS R DANIEL EIN 72-0502386 EMPLOYEE | Plan Administrator; Employee (plan) Service code 14 | 721 RICHARD ST, SUITE B NEW ORLEANS, LA 70130 | $72K |
| ALICE C. BAPTISTE EIN 72-0502386 EMPLOYEE | Employee (plan) Service code 30 | 721 RICHARD ST, SUITE B NEW ORLEANS, LA 70130 | $45K |
| SHVANDA BROWN EIN 72-0502386 EMPLOYEE | Employee (plan) Service code 30 | 721 RICHARD ST, SUITE B NEW ORLEANS, LA 70130 | $35K |
| SHARELLE D. LEE EIN 72-0502386 EMPLOYEE | Employee (plan) Service code 30 | 721 RICHARD ST, SUITE B NEW ORLEANS, LA 70130 | $29K |
| ROBIN C. MATHIAS EIN 72-0502386 EMPLOYEE | Employee (plan) Service code 30 | 721 RICHARD ST, SUITE B NEW ORLEANS, LA 70130 | $26K |
| THE SEGAL COMPANY EIN 13-2619259 NONE | Insurance agents and brokers; Actuarial Service code 11 | 10740 N. GESSNER DR STE 320 HOUSTON, TX 770641240 | $25K |
| DUPLANTIER,HRAPMANN,HOGAN & MAHER EIN 72-0567396 NONE | Accounting (including auditing) Service code 10 | 1615 POYDRAS ST. STE 2100 NEW ORLEANS, LA 70112 | $23K |
| ROBEIN,URANN,SPENCER,PICARD & CANGE EIN 72-0999672 NONE | Legal Service code 29 | 2540 SEVERN AVE. STE 400 METAIRIE, LA 70002 | $10K |
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 | 635 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 701 | Continuation coverage (COBRA, retiree health). |
| Beneficiaries receiving benefits | 16 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 1,352 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | THE UNION LABOR LIFE INSURANCE CO. | 1,425 | $940K |
| Other | THE UNION LABOR LIFE INSURANCE CO. | 1,425 | $940K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,425 | — |
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.