| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | $157K | $28K | $184K | 15.09% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | $84K | $16K | $100K | 11.94% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | RELIASTAR LIFE INSURANCE COMPANY | $196K | — | $196K | 27.42% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | $57K | $16K | $74K | 12.83% |
| GBS BENEFITS INS AGENCY3 Filed as: GBS BENEFITS INSURANCE AGENCY | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | METROPOLITAN LIFE INSURANCE COMPANY | $39K | $4K | $43K | 9.96% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | KAISER FOUNDATION HEALTH PLAN, INC. | $12K | — | $12K | 2.92% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA EIN 59-1031071 CLAIMS PROCESSOR | Named fiduciary; Claims processing; Other services; Participant communication; Float revenue; Non-monetary compensation; Direct payment from the plan; Contract Administrator Service code 12 | — | $289K |
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 | 7,814 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 7,814 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | KAISER FOUNDATION HEALTH PLAN, INC. | 62 | $427K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 8,079 | $429K |
| Life insurance | LINCOLN NATIONAL LIFE INSURANCE CO. | 7,814 | $1.2M |
| Short-term disability(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE CO. | 1,305 | $611K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE CO. | 1,972 | $838K |
| Other(2 contracts, 2 carriers) | RELIASTAR LIFE INSURANCE COMPANY | 1,992 | $752K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 8,079 | — |
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.