| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INS AGENCY3 Filed as: GBS INSURANCE AGENCY | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | CIGNA | — | $1K | $1K | 0.12% |
| GBS BENEFITS INC Filed as: GBS BENEFITS | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | AETNA LIFE INSURANCE CO. | $116K | — | $116K | 15.24% |
| GBS BENEFITS INC | 464 S 400 E STE 300 SALT LAKE CITY, UT 84111 | EYEMED VISION CARE - FIDELITY SECURITY LIFE INSURANCE CO | $177K | $226 | $177K | 100.13% |
| GBS BENEFITS INC | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | AMERICAN HERITAGE LIFE INSURANCE COMPANY | $16K | — | $16K | 28.52% |
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 | 3,775 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 3,775 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA | 3,775 | $1.1M |
| Dental | CIGNA | 3,775 | $1.1M |
| Vision | EYEMED VISION CARE - FIDELITY SECURITY LIFE INSURANCE CO | 3,245 | $177K |
| Life insurance | AETNA LIFE INSURANCE CO. | 3,515 | $762K |
| Short-term disability(2 contracts, 2 carriers) | AETNA LIFE INSURANCE CO. | 3,515 | $819K |
| Long-term disability | AETNA LIFE INSURANCE CO. | 3,515 | $762K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,775 | — |
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.