What the filings say, what they hide, and where benefits is heading. Written for the people building books, products, and the fiduciary era.
10,812 Schedule C filings already disclose enough to flag the plans where PBM compensation is structurally opaque — named, sized, and patterned across five years. The sample flagged plan: $1.27M to the PBM, 26× the segment median, the real fee buried inside total drug spend.
A conversational AI analyst over five years of DOL filings — Schedule A, C, H, MEP, MEWA, PEO, M-1 — across a million-plus employer records. Ask in plain English; get back what an analyst would put in a deck.
Account Teardown117,000 participants, 20+ vendors, five years of filings — one AI conversation. Four broker “changes” that were really entity-name variations, a 100/100 fragility score, and the white space a competitor could walk into.
Data QualityAn audit of a benefits brokerage's CRM — employment accuracy, email deliverability, and functional relevance. The effective strategic contact pool turned out 62% smaller than the raw list suggested.
Occasional notes on benefits intelligence and the fiduciary era. No noise.