| 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. | $110K | $48K | $159K | 16.95% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | $62K | $33K | $95K | 13.95% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | RELIASTAR LIFE INSURANCE COMPANY | $229K | — | $229K | 50.82% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | $38K | $27K | $65K | 15.51% |
| 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 | $28K | — | $28K | 8.95% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | KAISER FOUNDATION HEALTH PLAN OF HAWAII | $11K | — | $11K | 3.91% |
| GBS BENEFITS INC3 | 2200 S MAIN ST STE 600 SOUTH SALT LAKE, UT 84115 | LINCOLN NATIONAL LIFE INSURANCE CO. | — | $2K | $2K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| OPTUM RX INC EIN 33-0441200 PHARMACY BENEFIT MGMT. | Float revenue; Claims processing; Other fees; Direct payment from the plan Service code 12 | — | $7.9M |
| UMR, INC EIN 39-1995276 CLAIM PROCESSING | Claims processing Service code 12 | — | $1.4M |
| CIGNA EIN 59-1031071 CLAIMS PROCESSING | Named fiduciary; Direct payment from the plan; Contract Administrator; Non-monetary compensation; Claims processing; Float revenue; Other services; Participant communication Service code 12 | — | $228K |
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 | 6,760 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 6,760 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | KAISER FOUNDATION HEALTH PLAN OF HAWAII | 4,009 | $270K |
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 7,329 | $315K |
| Life insurance | LINCOLN NATIONAL LIFE INSURANCE CO. | 6,760 | $935K |
| Short-term disability(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE CO. | 1,191 | $418K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE CO. | 1,869 | $678K |
| Stop-loss / reinsurancereinsurance | STEALTH(SLIS)-SWISS RE-SWISS RE | 2,760 | $1.5M |
| Other(3 contracts, 3 carriers) | RELIASTAR LIFE INSURANCE COMPANY | 4,009 | $451K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 7,329 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.