| 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 | $23K | — | $23K | 3.17% |
| 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 | $9K | — | $9K | 3.00% |
| PROADVISOR INSURANCE AGY LLC3 | 26555 EVERGREEN ROAD STE 535 SOUTHFIELD, MI 480768076 | BLUE CARE NETWORK OF MICHIGAN | — | $483 | $483 | 0.17% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | — | $3K | 10.00% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 7.92% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | — | $3K | 12.42% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 3123 CROOKS ROAD ROYAL OAK, MI 48073 | UNUM INSURANCE COMPANY | $1K | — | $1K | 10.23% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 3123 CROOKS ROAD ROYAL OAK, MI 48073 | UNUM INSURANCE COMPANY | $2K | — | $2K | 16.35% |
| HOOVER AND ASSOCIATES FINANCIAL SER3 | 909 N MAIN STREET ROYAL OAK, MI 48067 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $444 | — | $444 | 9.99% |
| HOOVER AND ASSOCIATES FINANCIAL SER2 | 3123 CROOKS ROAD ROYAL OAK, MI 48073 | NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK | $45 | — | $45 | 9.98% |
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 | 217 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 217 | 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 | 217 | $1.0M |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 215 | $33K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 181 | $25K |
| Other(5 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 66 | $58K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 217 | — |
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.