| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WOODS INSURANCE SERVICE INC | PO BOX 3830 FARMINGTON, NM 87499 | BLUE CROSS BLUE SHIELD | $42K | — | $42K | 50.23% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NM EIN 36-1236610 CONTRACT ADMINISTRATOR | Contract Administrator Service code 13 | 5701 BALLOON FIESTA PARKWAY NE ALBUQUERQUE, NM 87113 | $80K |
| CHANDLER & COMPANY LLP EIN 85-0336896 TAX AND AUDIT | Accounting (including auditing) Service code 10 | 2900 N HUTTON FARMINGTON, NM 87402 | $23K |
| TITUS & MURPHY LAW FIRM EIN 35-2355380 PREPAID LEGAL PROVIDER | Contract Administrator Service code 13 | 2021 E 20TH STREET FARMINGTON, NM 87401 | $22K |
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 | 152 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 152 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF NEW MEXICO | 304 | $0 |
| Life insurance | DEARBORN LIFE INSURANCE COMPANY | 126 | $0 |
| Stop-loss / reinsurancereinsurance | BLUE CROSS BLUE SHIELD | 125 | $84K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 304 | — |
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.