| 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 | $45K | — | $45K | 5.00% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC DBA BERNARDINI & D | 1200 CALIFORNIA STREET SUITE 280 REDLANDS, CA 92374 | PRINCIPAL LIFE INSURANCE COMPANY | $10K | — | $10K | 8.55% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 3 PARKWAY NORTH BOULEVARD SUITE 300 DEERFIELD, IL 60015 | PRINCIPAL LIFE INSURANCE COMPANY | — | $3K | $3K | 2.27% |
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 | 161 | 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) | 161 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HEALTH NET | 116 | $908K |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 161 | $116K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 161 | $116K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 161 | $116K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 161 | $116K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 161 | — |
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.