| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES, INC.3 Filed as: GALLAGHER BENEFIT SERVICES | 235 HIGHLANDIA DRIVE, SUITE 200 BATON ROUGE, LA 70810 | GILSBAR, LLC | $50K | — | $50K | 11.84% |
| GILSBAR, LLC3 | GL# 4460-430-5000 COVINGTON, LA 70434 | GILSBAR, LLC | — | $39K | $39K | 9.31% |
| MCNEARY, INC.3 Filed as: MCNEARY INC | 6525 MORRISON BLVD STE 200 CHARLOTTE, NC 282113532 | UNITED HEALTHCARE INSURANCE COMPANY | $5K | — | $5K | 4.89% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| NATIONWIDE C/O UNIVERSAL GROUP EIN 31-4156830 NONE | Insurance services Service code 23 | — | $333K |
| MEDICAL EXCESS AIG HCC EIN 35-1817054 NONE | Insurance services Service code 23 | — | $21K |
| TRANSAMERICA PREMIER LIFE INSURANCE EIN 52-0419790 NONE | Insurance services Service code 23 | — | $462 |
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 | 212 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 212 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(5 contracts, 5 carriers) | GILSBAR, LLC | 212 | $556K |
| Prescription drug(5 contracts, 5 carriers) | GILSBAR, LLC | 212 | $556K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 212 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.