| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FCE BENEFIT ADMINISTRATORS, INC.3 | 887 MITTEN ROAD, STE 200 BURLLINGAME, CA 94010 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $2K | $2K | $3K | 21.00% |
| FCE BENEFIT ADMINISTRATORS, INC.3 | 887 MITTEN ROAD, STE 200 BURLINGAME, CA 94010 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $313 | $284 | $597 | 21.01% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| FCE BENEFIT ADMINISTRATOR EIN 33-0330036 | Participant communication; Recordkeeping and information management (computing, tabulating, data processing, etc.); Claims processing; Contract Administrator Service code 12 | 1528 S EL CAMINO REAL SAN MATEO, CA 94402 | $47K |
| BROADREACH MEDICAL RESOURCES EIN 20-0640082 | Claims processing; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 12 | 1350 BROADWAY, SUITE 410 NEW YORK, NY 10018 | $19K |
| TRUST MANAGEMENT SERVICES, INC EIN 46-3922133 | Trustee (bank, trust company, or similar financial institution) Service code 21 | 1 ALMADEN BLVD., STE 950 SAN JOSE, CA 95113 | $12K |
| MULTIPLAN, INC. EIN 13-3068979 | Claims processing Service code 12 | P.O. BOX 29380 NEW YORK, NY 100879380 | $5K |
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 | 105 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 105 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | RELIANCE STANDARD LIFE INSURANCE COMPANY | 109 | $16K |
| Short-term disability | RELIANCE STANDARD LIFE INSURANCE COMPANY | 113 | $3K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 113 | — |
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.