| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BEVCAP MANAGEMENT LLC3 | 120 W VIRGINIA ST STE 200 MCKINNEY, TX 75069 | DEARBORN NATIONAL LIFE INSURANCE COMPANY | $25K | — | $25K | 15.17% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BOONCHAPMAN EIN 74-2305238 THIRD PARTY ADMINISTRATOR | Claims processing Service code 12 | 9401 AMBERGLEN BLVD AUSTIN, TX 78729 | $222K |
| JOHNSON, MILLER & CO, CPAS EIN 85-0214336 ACCOUNTANT | Accounting (including auditing) Service code 10 | 2626 JBS PARKWAY, A-200 ODESSA, TX 79761 | $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 | 484 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 484 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BERKLEY LIFE AND HEALTH INSURANCE CO | 412 | $583K |
| Life insurance | DEARBORN NATIONAL LIFE INSURANCE COMPANY | 417 | $162K |
| Long-term disability | DEARBORN NATIONAL LIFE INSURANCE COMPANY | 417 | $162K |
| Prescription drug | BERKLEY LIFE AND HEALTH INSURANCE CO | 412 | $583K |
| Other(2 contracts, 2 carriers) | DEARBORN NATIONAL LIFE INSURANCE COMPANY | 421 | $223K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 421 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.