| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BGA FINANCIAL3 | 31 COURT STREET, 3RD FLOOR AUBURN, ME 04210 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILLIATES | $6K | — | $6K | 4.96% |
| BGA FINANCIAL3 | 75 MARKET STREET PORTLAND, ME 04101 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | $545 | $5K | 16.83% |
| BGA FINANCIAL3 | 75 MARKET STREET PORTLAND, ME 04101 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | $421 | $4K | 16.90% |
| BGA FINANCIAL3 | 75 MARKET STREET PORTLAND, ME 04101 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | $340 | $3K | 16.95% |
| BGA FINANCIAL3 Filed as: BGA FINANCIAL INC | 75 MARKET STREET, SUITE 401 PORTLAND, ME 041015031 | METROPOLITAN LIFE INSURANCE COMPANY | $523 | $34 | $557 | 4.91% |
| BGA FINANCIAL3 | 75 MARKET STREET PORTLAND, ME 04101 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $232 | $23 | $255 | 16.48% |
| BGA FINANCIAL3 Filed as: BGA FINANCIAL INC | 75 MARKET ST STE 401 PORTLAND, ME 041015031 | METROPOLITAN LIFE INSURANCE COMPANY | $2K | -$1 | $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 | 128 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 130 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILLIATES | 128 | $123K |
| Life insurance(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 100 | $30K |
| Short-term disability(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 150 | $17K |
| Long-term disability(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 110 | $22K |
| Other(3 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 100 | $13K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 150 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.