| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NEXTEP BENEFITS SERVICES LLC3 Filed as: NEXTEP BENEFIT SERVICES LLC | 1800 N INTERSTATE DRIVE NORMAN, OK 73072 | AETNA LIFE INSURANCE CO. | $42K | — | $42K | 0.06% |
| NEXTEP BENEFITS SERVICES LLC3 | 1800 N INTERSTATE DRIVE NORMAN, OK 73072 | METROPOLITAN LIFE INSURANCE COMPANY | $123K | $5K | $128K | 20.41% |
| NEXTEP BENEFITS SERVICES LLC3 | 1800 N INTERSTATE DRIVE NORMAN, OK 73072 | METROLPOLITCAN LIFE INSURANCE COMPANY | $103K | $17 | $103K | 16.52% |
| NEXTEP BENEFITS SERVICES LLC3 | 1800 N INTERSTATE DRIVE NORMAN, OK 73072 | METROPOLITAN LIFE INSURANCE COMPANY | $26K | $17 | $26K | 8.95% |
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 | 6,371 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 6,371 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts, 3 carriers) | AETNA LIFE INSURANCE CO. | 14,585 | $77.3M |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 352 | $295K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 14,585 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.