| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VAN DYKE RANKIN FINANCIAL SERVICES3 Filed as: VAN DYKE RANKIN FINANCIAL SVCS | 211 SOUTH AUSTIN ST BRENHAM, TX 77833 | PRINCIPAL LIFE INSURANCE COMPANY | $24K | — | $24K | 6.88% |
| BENEUSA LLC3 Filed as: BENEUSA, LLC | 1851 LAKE DR. W #350 CHANHASSEN, MN 55317 | PRINCIPAL LIFE INSURANCE COMPANY | $16K | — | $16K | 4.59% |
| BENEFITS BROKERS EXCHANGE INC.3 | 1800 ST JAMES PLACE, STE 325 HOUSTON, TX 77056 | PRINCIPAL LIFE INSURANCE COMPANY | $8K | — | $8K | 2.29% |
| BENEPLACE, INC.3 Filed as: BENEPLACE INC | PO BOX 203550 AUSTIN, TX 78720 | VISION SERVICE PLAN | $19K | — | $19K | 9.44% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ALLIED BENEFIT SYSTEMS INC EIN 36-3086057 | Plan Administrator Service code 14 | 200 W. ADAMS ST STE 500 CHICAGO, IL 60505 | $383K |
| PHCS EIN 04-3138814 | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | PO BOX D-3232 BOSTON, MA 022413232 | $130K |
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 | 2,774 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 27 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 2,801 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 1,340 | $202K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 2,848 | $348K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,848 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.