| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE BOON INSURANCE AGENCY3 | 6300 BRIDGEPOINT PARKWAY AUSTIN, TX 78730 | AETNA LIFE INSURANCE COMPANY | $58K | — | $58K | 11.00% |
| HEFFERNAN INSURANCE BROKERS3 | 1350 CARLBACK AVE WALNUT CREEK, CA 94596 | AETNA LIFE INSURANCE COMPANY | $32K | — | $32K | 6.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES, INC. EIN 33-0449333 NONE | Other insurance fees and expenses; Float revenue; Contract Administrator; Claims processing; Direct payment from the plan Service code 12 | — | $277K |
| THE BOON INSURANCE AGENCY EIN 74-2236168 MARKETING AGENT | Insurance agents and brokers; Insurance brokerage commissions and fees Service code 22 | — | $47K |
| ACTIVE HEALTH EIN 52-2182411 NONE | Other services Service code 49 | — | $0 |
| FIRST HEALTH GROUP EIN 20-1736437 NONE | Other services Service code 49 | — | $0 |
| HEALTHIEST YOU EIN 46-1345569 NONE | Other services Service code 49 | — | $0 |
| HEFFERNAN INSURANCE BROKERS NONE | Insurance brokerage commissions and fees Service code 53 | 1350 CARLBACK AVE WALNUT CREEK, CA 94596 | $0 |
| WITHUMSMITH+BROWN, PC EIN 22-2027092 NONE | Accounting (including auditing) Service code 10 | — | $0 |
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 | 431 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 431 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY | 296 | $529K |
| Dental | AETNA LIFE INSURANCE COMPANY | 296 | $529K |
| Other(2 contracts, 2 carriers) | AETNA LIFE INSURANCE COMPANY | 296 | $602K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 296 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.