| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| RAEL & LETSON | 378 VINTAGE PARK DR FOSTER CITY, CA 94404 | VISION SERVICE PLAN | — | — | $0 | 0.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MORGAN & FRANZ EIN 33-0383993 NONE | Contract Administrator; Other fees Service code 13 | 10606 TRADEMARK PARKWAY NORTH SUITE 201 RANCHO CUCAMONGA, CA 91730 | $98K |
| SHAH & ASSOCIATES EIN 26-4391858 NONE | Legal Service code 29 | 1055 WEST 7TH STREET SUITE 1940 LOS ANGELES, CA 90017 | $51K |
| RAEL & LETSON EIN 94-1701048 NONE | Actuarial Service code 11 | 35 NORTH LAKE AVENUE SUITE 810 PASADENA, CA 91101 | $44K |
| DAVID BRODY & CO EIN 95-4778275 NONE | Accounting (including auditing) Service code 10 | 17785 CENTER COURT DRIVE SUITE 680 CERRITOS, CA 90703 | $13K |
| HEMMING MORSE,LLP EIN 30-0702322 NONE | Accounting (including auditing) Service code 10 | 155 BOVET ROAD SUITE 600 SAN MATEO, CA 94402 | $12K |
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 | 628 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 0 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | KAISER FOUNDATION HEALTH PLAN | 537 | $8.5M |
| Dental | LIBERTY DENTAL PLAN OF CALIFORNIA | 375 | $286K |
| Vision | VISION SERVICE PLAN | 259 | $44K |
| Life insurance | AETNA LIFE | 249 | $24K |
| Other | AETNA LIFE | 249 | $24K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 537 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.
Filing reports zero broker compensation on a plan over 100 participants. Likely direct-write or unreported — worth a knock.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.