| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MIKE HICKS C/O ALLIANCE INS. GROUP3 | P.O. BOX 240518 MONTGOMERY, AL 36124 | GULF GUARANTY LIFE | $140K | — | $140K | 20.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ALLIANCE INSURANCE GROUP | Insurance agents and brokers; Consulting (general) Service code 16 | 6730 TAYLOR COURT MONTGOMERY, AL 36117 | $106K |
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 | 351 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 351 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 648 | $4.1M |
| Dental | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 648 | $3.4M |
| Vision | VISION SERVICE PLAN | 186 | $22K |
| Prescription drug | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 648 | $3.4M |
| Other | BLUE CROSS AND BLUE SHIELD OF ALABAMA | 648 | $3.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 648 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.