| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP INC | 211 N ROBINSON AVE STE 1490 OKLAHOMA CITY, OK 73102 | BLUE CROSS BLUE SHIELD OF TEXAS | $0 | $4K | $4K | 1.80% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP INC | 211 N ROBINSON AVE STE 1490 OKLAHOMA CITY, OK 73102 | UNITED OF OMAHA LIFE INSURANCE COMPANY | $19K | $0 | $19K | 13.66% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP INC | 211 N ROBINSON AVE STE 1490 OKLAHOMA CITY, OK 73102 | SUN LIFE ASSURANCE COMPANY OF CANADA | $18K | $0 | $18K | 15.00% |
| MGIS3 | 111 S MAIN ST STE 400 SALT LAKE CITY, UT 84111 | SUN LIFE ASSURANCE COMPANY OF CANADA | $0 | $180 | $180 | 0.15% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP INC | 211 N ROBINSON AVE STE 1490 OKLAHOMA CITY, OK 73102 | METROPOLITAN LIFE INSURANCE COMPANY | $8K | $838 | $9K | 21.98% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP INC | 211 N ROBINSON AVE STE 1490 OKLAHOMA CITY, OK 73102 | METROPOLITAN LIFE INSURANCE COMPANY | $3K | $357 | $3K | 22.21% |
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 | 322 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 325 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF TEXAS | 519 | $295K |
| Dental | BLUE CROSS BLUE SHIELD OF TEXAS | 519 | $241K |
| Life insurance | UNITED OF OMAHA LIFE INSURANCE COMPANY | 312 | $137K |
| Short-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 312 | $137K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 22 | $118K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 519 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.