| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| STERN INSURANCE GROUP INC3 | 11445 E VIA LINDA STE 2-611 SCOTTSDALE, AZ 852592839 | BLUECROSS BLUESHIELD OF ILLINOIS | $82K | — | $82K | 3.89% |
| STERN INSURANCE GROUP INC3 | 11445 E VIA LINDA STE 2-611 SCOTTSDALE, AZ 852592839 | PRINCIPAL LIFE INSURANCE COMPAN | $12K | $15K | $27K | 11.48% |
| PARAGON PARTNERS LTD3 Filed as: PARAGON PARTNERS | STE C-103 9420 E DOUBLETREE RANCH RD SCOTTSDALE, AZ 852585589 | PRINCIPAL LIFE INSURANCE COMPAN | $0 | $14K | $14K | 6.01% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SUN LIFE ASSURANCE COMPANY OF CANAD EIN 38-1082080 N/A | Claims processing Service code 12 | — | $1K |
| BLUE CROSS BLUE SHIELD OF ILLINIOS EIN 36-1236610 N/A | Claims processing Service code 12 | — | $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 | 114 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 8 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 122 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUECROSS BLUESHIELD OF ILLINOIS | 270 | $2.1M |
| Dental | PRINCIPAL LIFE INSURANCE COMPAN | 272 | $235K |
| Vision | PRINCIPAL LIFE INSURANCE COMPAN | 272 | $235K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPAN | 272 | $235K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPAN | 272 | $235K |
| Other | PRINCIPAL LIFE INSURANCE COMPAN | 272 | $235K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 272 | — |
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."
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.