| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BAILEY & ASSOCIATES FINANCIAL3 Filed as: BAILEY & ASSOCIATES | PO BOX 298 WACO, TX 76703 | SIRIUS AMERICA INSURANCE COMPANY | $116K | — | $116K | 15.12% |
| BAILEY & ASSOCIATES FINANCIAL3 | PO BOX 298 WACO, TX 76703 | UNUM LIFE INSURANCE COMPANY | $35K | — | $35K | 20.00% |
| BAILEY & ASSOCIATES FINANCIAL3 | PO BOX 298 WACO, TX 76703 | UNUM LIFE INSURANCE COMPANY | $15K | — | $15K | 8.66% |
| BAILEY & ASSOCIATES FINANCIAL3 | PO BOX 298 WACO, TX 76703 | STARMOUNT LIFE INSURANCE COMPANY | $8K | — | $8K | 119.69% |
| DAINES INSURANCE & FIN SERVICES LLP3 Filed as: DAINES INSURANCE & FIN SRVCS LLP | 5806 SUMMERFIELD DR. TEXARKANA, TX 75503 | STARMOUNT LIFE INSURANCE COMPANY | $792 | — | $792 | 11.28% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| PROVIDENCE ADMINISTRATIVE SERVICES EIN 74-2883336 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | PO BOX 700570 SAN ANTONIO, TX 78270 | $339K |
| S & S HEALTHCARE STRATEGIES EIN 31-1418743 CARE MANAGEMENT | Contract Administrator Service code 13 | 1385 KEMPER MEADOW DR. CINCINNATI, OH 45204 | $163K |
| MEDWATCH, LLC EIN 87-0567754 CARE MANAGEMENT | Contract Administrator Service code 13 | PO BOX 952679 LAKE MARY, FL 32795 | $10K |
| BAILEY & ASSOCIATES EIN 74-2423875 AGENT | Custodial (securities) Service code 19 | PO BOX 298 WACO, TX 76703 | $7K |
| BEN ADMIN / MD LIVE EIN 45-4937055 CARE MANAGEMENT | Contract Administrator Service code 13 | 13630 NW 8TH ST. SUITE 205 SUNRISE, FL 33325 | $6K |
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 | 541 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 541 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | STARMOUNT LIFE INSURANCE COMPANY | 544 | $7K |
| Life insurance | UNUM LIFE INSURANCE COMPANY | 767 | $170K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY | 767 | $170K |
| Stop-loss / reinsurancereinsurance | SIRIUS AMERICA INSURANCE COMPANY | 641 | $765K |
| Other(2 contracts) | UNUM LIFE INSURANCE COMPANY | 767 | $346K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 767 | — |
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.