| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RANDY M BEASLEY3 | 1981 J.N. PEASE PL. STE 202 CHARLOTTE, NC 28262 | BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA | $34K | — | $34K | 4.92% |
| RM BEASLEY & ASSOCIATES INC3 Filed as: R.M. BEASLEY & ASSOCIATES, INC. | 1981 J.N. PLEASE PL STE 202 CHARLOTTE, NC 28262 | USABLE LIFE | $8K | $2K | $9K | 12.01% |
| MOSAIC GROUP SERVICES3 Filed as: MOSAIC GROUP SERVICES, INC. | PO BOX 2291 DURHAM, NC 27702 | USABLE LIFE | $5K | — | $5K | 7.05% |
No Schedule C service providers reported on this filing.
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 | 169 | 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) | 169 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA | 175 | $683K |
| Vision | BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA | 175 | $683K |
| Life insurance | USABLE LIFE | 169 | $78K |
| Short-term disability | USABLE LIFE | 169 | $78K |
| Prescription drug | BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA | 175 | $683K |
| Other | USABLE LIFE | 169 | $78K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 175 | — |
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.