| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GILSBAR, LLC3 Filed as: GILSBAR INC. | P. O. BOX 2946 COVINGTON, LA 704342916 | PRINCIPAL LIFE INSURANCE COMPANY | $7K | $675 | $7K | 11.50% |
| GILSBAR, LLC3 Filed as: GILSBAR LLC | P. O. BOX 998 COVINGTON, LA 70434 | SUN LIFE ASSURANCE COMPANY OF CANADA | $8K | — | $8K | 15.00% |
| GULF COAST BANK3 | P. O. BOX 490 ABBEVILLE, LA 705110490 | HARTFORD LIFE AND ACCIDENT | $1K | — | $1K | 15.00% |
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 | 113 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 114 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 179 | $63K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 109 | $7K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 111 | $56K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 111 | $56K |
| Other | HARTFORD LIFE AND ACCIDENT | 109 | $7K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 179 | — |
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.