| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SWBC LIFE INSURANCE AGENCY, INC.3 | 9311 SAN PEDRO AVE, STE 550 SAN ANTONIO, TX 782164471 | BLUE CROSS BLUE SHIELD OF TEXAS | $72K | — | $72K | 4.83% |
| SWBC LIFE INSURANCE AGENCY, INC.3 | 9311 SAN PEDRO AVE, STE 550 SAN ANTONIO, TX 782164471 | METROPOLITAN LIFE INSURANCE COMPANY | $17K | $846 | $17K | 14.40% |
| SWBC LIFE INSURANCE AGENCY, INC.3 Filed as: SWBC | 9311 SAN PEDRO AVE, STE 550 SAN ANTONIO, TX 782164471 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $2K | — | $2K | 10.07% |
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 | 346 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 346 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF TEXAS | 346 | $1.5M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 516 | $121K |
| Vision | FIDELITY SECURITY LIFE INSURANCE COMPANY | 284 | $21K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 516 | $121K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 516 | — |
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.
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.