| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INC3 Filed as: GBS BENEFITS, INC | 2200 S MAIN ST STE 600 SALT LAKE, UT 84115 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $34K | — | $34K | 6.55% |
| VB ADVISORS LLC3 Filed as: VB ADVISORS | 2040 TERRY STREET #101 LONGMONT, CO 80501 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 8.38% |
| GBS BENEFITS INS AGENCY3 Filed as: GBS COLORADO LLC | — | VISION SERVICE PLAN | $1K | — | $1K | 8.44% |
| VB ADVISORS LLC3 Filed as: VB ADVISORS | 2040 TERRY STREET #101 LONGMONT, CO 80501 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 8.43% |
| VB ADVISORS LLC3 | 2040 TERRY STREET #101 COMMUNITY TREATMENT AL, CO 80501 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 8.43% |
| GBS BENEFITS INS AGENCY3 Filed as: GBS COLORADO LLC | 2040 TERRY STREET 101 LONGMONT, CO 80501 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $110 | — | $110 | 9.16% |
| VB ADVISORS LLC3 Filed as: VB ADVISORS | 2040 TERRY STREET #101 LONGMONT, CO 80501 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | — | $0 | 0.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COM EIN 59-1031071 SERVICE PROVIDER | Direct payment from the plan; Float revenue; Contract Administrator; Non-monetary compensation; Claims processing; Named fiduciary; Participant communication; Other services Service code 12 | — | $20K |
| CIGNA | Contract Administrator; Direct payment from the plan; Other services; Participant communication; Claims processing; Non-monetary compensation; Named fiduciary; Float revenue Service code 12 | — | $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 | 137 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 137 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 122 | $514K |
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 122 | $514K |
| Vision | VISION SERVICE PLAN | 120 | $15K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $20K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $12K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $14K |
| Other(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 122 | $515K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 122 | — |
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.