| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE RICHARDS GROUP3 Filed as: RICHARDS, INC. | P.O. BOX 820 BRATTLEBORO, VT 053020820 | VISION SERVICE PLAN | $12K | — | $12K | 10.84% |
| HICKOK & BOARDMAN FINANCIAL3 | 346 SHELBURNE ROAD P.O. BOX 1064 BURLINGTON, VT 05401 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $3K | — | $3K | 6.21% |
| HICKOK & BOARDMAN FINANCIAL3 | 346 SHELBURNE ROAD P.O.BOX 1064 BURLINGTON, VT 05401 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | — | $4K | 7.56% |
| THE RICHARDS GROUP3 Filed as: RICHARDS INCORPORATED | 48 HARRIS PLACE BRATTLEBORO, VT 05301 | RELIASTAR LIFE INSURANCE COMPANY | $7K | $1K | $8K | 23.97% |
| THE RICHARDS GROUP3 | 48 HARRIS PLACE P.O. BOX 820 BRATTLEBORO, VT 05302 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 12.00% |
| HICKOK & BOARDMAN FINANCIAL3 | 346 SHELBURNE ROAD P.O. BOX 1064 BURLINGTON, VT 05401 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 11.72% |
| THE RICHARDS GROUP3 | 48 HARRIS PLACE P.O. BOX 1064 BRATTLEBORO, VT 05302 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $197 | — | $197 | 12.00% |
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 | 552 | 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) | 552 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 395 | $110K |
| Life insurance(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 494 | $73K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 494 | $53K |
| Other(3 contracts, 2 carriers) | RELIASTAR LIFE INSURANCE COMPANY | 494 | $47K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 494 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.