| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VARNEY & COMPANY BENEFITS ADVISORS3 | — | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $0 | $91K | $91K | 4.97% |
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY& COMPANY BENEFITS ADVISORS | 32 OAK STREET BANGOR, ME 04401 | STANDARD INSURANCE COMPANY | $6K | — | $6K | 3.33% |
| VARNEY & COMPANY BENEFITS ADVISORS3 | — | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $7K | — | $7K | 4.95% |
| VARNEY & COMPANY BENEFITS ADVISORS3 | — | STANDARD INSURANCE COMPANY | $4K | — | $4K | 3.89% |
| VARNEY & COMPANY BENEFITS ADVISORS3 | — | UNUM LIFE INSURANCE COMPANY OF AMERICA | $11K | — | $11K | 15.16% |
| VARNEY & COMPANY BENEFITS ADVISORS3 | 32 OAK STREET BANGOR, ME 04401 | AETNA LIFE INSURANCE CO. | $2K | — | $2K | 12.37% |
| PARTNERS FIN INS AGENCY INC3 | NFP CORPORATE SERVICES NY 340 MADISON AVENUE, 21ST FLOOR NEW YORK, NY 10173 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $586 | — | $586 | 12.51% |
| NFP INSURANCE SERVICES INC3 Filed as: NFP CORPORATE SERVICES NY LLC | — | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | — | $277 | $277 | 5.91% |
| NFP INSURANCE SERVICES INC3 | — | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | — | $94 | $94 | 2.01% |
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY & CO BENEFITS ADVISORS | 32 OAK STREET BANGOR, ME 04401 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $168 | — | $168 | 4.00% |
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 | 279 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 286 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 291 | $1.8M |
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 177 | $150K |
| Vision(2 contracts, 2 carriers) | AETNA LIFE INSURANCE CO. | 289 | $20K |
| Life insurance | STANDARD INSURANCE COMPANY | 279 | $91K |
| Long-term disability(2 contracts, 2 carriers) | STANDARD INSURANCE COMPANY | 266 | $170K |
| Other(2 contracts, 2 carriers) | STANDARD INSURANCE COMPANY | 279 | $162K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 291 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.