| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SHEPARD & WALTON LIFE INS AGENCY3 | PO BOX 1830 HARLINGEN, TX 78551 | AETNA LIFE INSURANCE COMPANY & AFFILIATES | $37K | — | $37K | 4.74% |
| SHEPARD & WALTON LIFE INS AGENCY3 | PO BOX 1830 HARLINGEN, TX 78551 | AETNA LIFE INSURANCE COMPANY & AFFILIATES | $10K | $398 | $10K | 4.95% |
| SHEPARD & WALTON LIFE INSURANCE3 Filed as: SHEPARD & WALTON LIFE INS | 8217 SHOAL CREEK BLVD STE 108 AUSTIN, TX 78757 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $13K | $179 | $14K | 18.44% |
| OPES ONE ADVISORS LLC3 | 15303 DALLAS PKWY ADDISON, TX 75001 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $133 | — | $133 | 0.18% |
| SHEPARD & WALTON LIFE INS AGENCY3 | 1906 E TYLER AVE STE B HARLINGEN, TX 78550 | PRINCIPAL LIFE INSURANCE COMPANY | $6K | $2K | $8K | 12.80% |
| SHEPARD & WALTON LIFE INSURANCE3 | P O BOX 1830 HARLINGEN, TX 78551 | HARTFORD LIFE AND ACCIDENT | $9K | — | $9K | 15.00% |
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 | 190 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 190 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY & AFFILIATES | 33 | $210K |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 100 | $64K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 100 | $64K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 190 | $57K |
| Short-term disability | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 85 | $74K |
| Other(2 contracts, 2 carriers) | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 190 | $131K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 190 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.