| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NOVO BENEFITS, LLC Filed as: NOVO BENEFITS | 11755 E PEAKVIEW AVE #250 ENGLEWOOD, CO 80111 | DELTA DENTAL OF WYOMING | $12K | — | $12K | 4.90% |
| NOVO BENEFITS, LLC | 11755 E PEAKVIEW AVE STE 250 CENTENNIAL, CO 801116856 | VISION SERVICE PLAN | $2K | — | $2K | 3.86% |
| NOVO BENEFITS, LLC3 Filed as: NOVO BENEFITS LLC | 11755 E PEAKVIEW AVE STE 250 ENGLEWOOD, CO 801116856 | METROPOLITAN LIFE INSURANCE COMPANY | — | $5K | $5K | 19.70% |
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 | 286 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 286 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF WYOMING | 263 | $236K |
| Vision | VISION SERVICE PLAN | 222 | $51K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 426 | $26K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 426 | $26K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 426 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.