| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RANDALL HOOVER3 | 26555 EVERGREEN ROAD STE 535 SOUTHFIELD, MI 480768076 | BLUE CROSS BLUE SHIELD OF MICHIGAN | $27K | — | $27K | 3.56% |
| PROADVISOR INSURANCE AGY LLC3 | 26555 EVERGREEN ROAD STE 535 SOUTHFIELD, MI 480768076 | BLUE CROSS BLUE SHIELD OF MICHIGAN | — | $2K | $2K | 0.24% |
| RANDALL HOOVER3 | 26555 EVERGREEN ROAD STE 535 SOUTHFIELD, MI 480768076 | BLUE CARE NETWORK OF MICHIGAN | $7K | — | $7K | 2.95% |
| PROADVISOR INSURANCE AGY LLC3 | 26555 EVERGREEN ROAD STE 535 SOUTHFIELD, MI 480768076 | BLUE CARE NETWORK OF MICHIGAN | — | $343 | $343 | 0.16% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $8K | — | $8K | 18.82% |
| HOOVER AND ASSOCIATES FINANCIAL SER | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | — | $5K | 17.08% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $7K | — | $7K | 23.24% |
| HOOVER AND ASSOCIATES FINANCIAL SER | 3123 CROOKS ROAD ROYAL OAK, MI 48073 | UNUM INSURANCE COMPANY | $2K | — | $2K | 13.73% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 100.00% |
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 | 252 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 252 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF MICHIGAN | 252 | $982K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 215 | $40K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 123 | $30K |
| Other(4 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 75 | $45K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 252 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.