| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RIS EMPLOYEE BENEFITS INC3 Filed as: RIS EMPLOYEE BENEFITS DBA KLEINBERG | BENEFITS INC INSURANCE SERVICES 10011 N FOOTHILL BLVD, STE 110 CUPERTINO, CA 95014 | SUN LIFE ASSURANCE COMPANY OF CANADA | $200K | — | $200K | 16.06% |
| UNITED BENEFIT ADVISORS LLC3 | 20 N WACKER DRIVE, STE 500 CHICAGO, IL 60606 | SUN LIFE ASSURANCE COMPANY OF CANADA | $29K | — | $29K | 2.29% |
| RIS EMPLOYEE BENEFITS INC3 Filed as: RIS EMPLOYEE BENEFITS INC. | — | PRINCIPAL LIFE INSURANCE COMPANY | $14K | $2K | $16K | 3.47% |
| RIS EMPLOYEE BENEFITS INC3 | 10011 N FOOTHILL BLVD., STE 110 CUPERTINO, CA 95017 | PRINCIPAL LIFE INSURANCE COMPANY | $17K | $1K | $18K | 7.97% |
| RIS EMPLOYEE BENEFITS INC3 Filed as: RIS EMPLOYEE BENEFITS, INC | — | VISION SERVICE PLAN | $2K | — | $2K | — |
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 | 467 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 469 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | SUN LIFE ASSURANCE COMPANY OF CANADA | 399 | $1.2M |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 926 | $474K |
| Vision | VISION SERVICE PLAN | 274 | $0 |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 557 | $228K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 557 | $228K |
| Prescription drug | SUN LIFE ASSURANCE COMPANY OF CANADA | 399 | $1.2M |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 399 | $1.2M |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 557 | $228K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 926 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.