| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| AXCESS FINANCIAL GROUP3 | 6605 UPTOWN BLVD NE STE 280 ALBUQUERQUE, NM 87110 | TRUE HEALTH NEW MEXICO | $26K | — | $26K | 4.00% |
| AXCESS FINANCIAL GROUP3 | 6605 UPTOWN BLVD NE STE 280 ALBUQUERQUE, NM 87110 | METROPOLITAN LIFE INSURANCE COMPANY | $7K | $188 | $7K | 9.43% |
| AXCESS FINANCIAL GROUP3 | 6605 UPTOWN BLVD NE STE 280 ALBUQUERQUE, NM 87110 | UNITED CONCORDIA INSURANCE COMPANY | $6K | — | $6K | 9.90% |
| AXCESS FINANCIAL GROUP3 | 6605 UPTOWN BLVD NE STE 280 ALBUQUERQUE, NM 87110 | SUN LIFE ASSURANCE COMPANY OF CANADA | $2K | — | $2K | 11.57% |
| AXCESS FINANCIAL GROUP3 | 6605 UPTOWN BLVD NE STE 280 ALBUQUERQUE, NM 87110 | FIDELITY SECURITY LIFE INSURANCE COMPANY | $1K | — | $1K | 9.07% |
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 | 264 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 265 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | TRUE HEALTH NEW MEXICO | 168 | $642K |
| Dental(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 264 | $133K |
| Vision(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 264 | $85K |
| Life insurance(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 264 | $90K |
| Long-term disability(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 264 | $90K |
| Other(3 contracts, 3 carriers) | TRUE HEALTH NEW MEXICO | 264 | $732K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 264 | — |
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.