| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BAILEY & ASSOCIATES FINANCIAL3 | P.O. BOX 298 WACO, TX 76703 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $17K | $0 | $17K | 18.50% |
| BAILEY & ASSOCIATES FINANCIAL3 | P.O. BOX 298 WACO, TX 76703 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $6K | $0 | $6K | 10.34% |
| CORPORATE BENEFIT SOLUTION3 | 702 S. DENTON TAP ROAD SUITE 100 COPPELL, TX 75019 | HUMANA INSURANCE COMPANY | $144 | — | $144 | 13.03% |
| BAFFIN BAY MARKETING GROUP, LLC3 | P.O. BOX 161690 AUSTIN, TX 78716 | HUMANA INSURANCE COMPANY | $55 | — | $55 | 4.98% |
| ASPEN REINSURANCE GROUP, INC.3 | 6900 S. MCCARRAN BLVD. SUITE 1010 RENO, NV 89509 | HUMANA INSURANCE COMPANY | $11 | — | $11 | 1.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PROVIDENCE ADMINISTRATIVE SERVICES, EIN 74-2883336 N/A | Claims processing Service code 12 | — | $135K |
| SANDSTECH GROUP EIN 84-0467907 N/A | Contract Administrator Service code 13 | — | $80K |
| BAILEY & ASSOCIATES FINANCIAL EIN 74-2423875 AGENT | Custodial (securities) Service code 19 | — | $67K |
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 | 456 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 456 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 419 | $61K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 419 | $61K |
| Other(3 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 419 | $152K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 419 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.