| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT CONCEPTS INC3 | — | BLUE CROSS BLUE SHIELD OF TEXAS | $123K | — | $123K | 4.49% |
| BENEFIT CONCEPTS INC3 | — | PRINCIPAL LIFE INSUR COMPANY | $13K | $0 | $13K | 10.05% |
| NFP INSURANCE SERVICES INC3 Filed as: NFP INS SERVICES | — | PRINCIPAL LIFE INSUR COMPANY | — | $0 | $0 | 0.00% |
| BENEFIT CONCEPT INC3 | 1173 BRITTMOORE RD HOUSTON, TX 770435003 | PRINCIPAL LIFE INSURANE COMPANY | $4K | $0 | $4K | 12.15% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT CONCEPTS INC EIN 76-0064452 BROKER | Insurance agents and brokers Service code 22 | 1173 BRITTMORE HOUSTON, TX 77043 | $0 |
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 | 262 | 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) | 262 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(2 contracts, 2 carriers) | PRINCIPAL LIFE INSUR COMPANY | 226 | $162K |
| Long-term disability(2 contracts, 2 carriers) | PRINCIPAL LIFE INSUR COMPANY | 226 | $162K |
| Other | BLUE CROSS BLUE SHIELD OF TEXAS | 330 | $2.7M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 330 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.