| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| IPS ADVISORS3 Filed as: IPS ADVISORS INC | 10000 N CENTRAL EXPY SUITE 1100 DALLAS, TX 75231 | HUMANA | $3K | — | $3K | 9.19% |
| IPS ADVISORS3 Filed as: IPS ADVISORS INC | 10000 N CENTRAL EXPY SUITE 1100 DALLAS, TX 75231 | HUMANA | $992 | — | $992 | 3.41% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MERITAIN EIN 16-1264154 ADMINISTRATOR | Claims processing; Plan Administrator; Insurance services Service code 12 | PO BOX 27267 MINNEAPOLIS, MN 55427 | $240K |
| IPS ADVISORS, INC. CONSULTANT | Insurance agents and brokers Service code 22 | 10000 N CENTRAL EXPY STE 1100 DALLAS, TX 75231 | $22K |
| EDWARDS AND LEATHERS, P.C. EIN 20-8739519 AUDITOR | Accounting (including auditing) Service code 10 | PO BOX 860 BAYTOWN, TX 77522 | $8K |
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 | 275 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 275 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | HUMANA | 207 | $29K |
| Life insurance | UNITED OF OMAHA LIFE INSURANCE COMPANY | 321 | $112K |
| Short-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 321 | $112K |
| Long-term disability | UNITED OF OMAHA LIFE INSURANCE COMPANY | 321 | $112K |
| Stop-loss / reinsurancereinsurance | MERITAIN HEALTH | 280 | $494K |
| Other(2 contracts, 2 carriers) | UNITED OF OMAHA LIFE INSURANCE COMPANY | 321 | $216K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 321 | — |
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."
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.