| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PARKER SMITH & FEEK INC.3 | 2233 112TH AVE., NE BELLEVUE, WA 98004 | PREMERA BLUE CROSS | $35K | $6K | $41K | 9.51% |
| CONNEXION INSURANCE SOLUTIONS3 | 9725 3RD AVENUE SEATTLE, WA 98115 | PRINCIPAL LIFE INSURANCE COMPANY | — | $6K | $6K | 4.71% |
| PARKER SMITH & FEEK INC.3 | 2233 112TH AVE., NE BELLEVUE, WA 98004 | PRINCIPAL LIFE INSURANCE COMPANY | $969 | $3K | $4K | 2.86% |
| PHILLIPS BENEFITS ADVISORS LLC3 | 6920 POINTE INVERNESS WAY FORT WAYNE, IN 46804 | PRINCIPAL LIFE INSURANCE COMPANY | $2K | $102 | $2K | 17.18% |
| PROFESSIONAL GROUP PLANS INC3 Filed as: PROFESSIONAL GROUP PLANS | 225 WIRELESS BLVD. HAUPPAUGE, NY 11788 | PRINCIPAL LIFE INSURANCE COMPANY | — | $517 | $517 | 5.50% |
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 | 870 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 870 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | PREMERA BLUE CROSS | 239 | $428K |
| Dental(2 contracts, 2 carriers) | PREMERA BLUE CROSS | 239 | $561K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 185 | $132K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 14 | $9K |
| Prescription drug | PREMERA BLUE CROSS | 239 | $428K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 14 | $9K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 239 | — |
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.