| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BERNARDINI AND DONOVAN INSURANCE3 Filed as: BERNARDINI AND DONOVAN INS SVC INC | 1200 CALIFORNIA AVENUE SUITE 280 REDLANDS, CA 92374 | HEALTH NET | $57K | — | $57K | 6.89% |
| BERNARDINI & DONOVAN INS SERVICES3 | PO BOX 10909 SN BERNRDNO, CA 92423 | PRINCIPAL LIFE INSURANCE COMPANY | $5K | — | $5K | 4.01% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC DBA ARMS | 965 GREENTREE ROAD SUITE 110 PITTSBURGH, PA 15220 | PRINCIPAL LIFE INSURANCE COMPANY | $4K | — | $4K | 3.27% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | DBA BERNARDINI AND DONOVAN INS SRVS 1918 RIVERSIDE DR LOS ANGELES, CA 90039 | PRINCIPAL LIFE INSURANCE COMPANY | $1K | — | $1K | 1.23% |
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 | 159 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 3 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 162 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HEALTH NET | 113 | $832K |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 159 | $114K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 159 | $114K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 159 | $114K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 159 | $114K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 159 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.