| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| IPS ADVISORS3 Filed as: IPS ADVISORS, INC. | 10000 N CENTRAL EXPRESSWAY SUITE 1100 DALLAS, TX 75231 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $56K | — | $56K | 1.27% |
| IPS ADVISORS3 Filed as: IPS ADVISORS, INC. | 10000 N CENTRAL EXPWY SUITE 1100 DALLAS, TX 75231 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $203K | — | $203K | 10.00% |
| IPS ADVISORS3 Filed as: IPS ADVISORS, INC. | 10000 N. CENTRAL EXPWY SUITE 1100 DALLAS, TX 75231 | VISION SERVICE PLAN | $148K | — | $148K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CONNECTICUT GENERAL LIFE INSURANCE EIN 59-1031071 CLAIMS ADMINISTRATION | Non-monetary compensation; Other services; Float revenue; Participant communication; Contract Administrator; Direct payment from the plan; Claims processing Service code 12 | — | $5.5M |
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 | 7,215 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 7,215 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 4,907 | $1.5M |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 7,215 | $4.5M |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 7,215 | $4.5M |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 7,215 | $4.5M |
| Prescription drug | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 6,388 | $2.0M |
| Stop-loss / reinsurancereinsurance | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 6,388 | $2.0M |
| Other | LIFE INSURANCE COMPANY OF NORTH AMERICA | 7,215 | $4.5M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 7,215 | — |
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.