| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MASS FINANCIAL SERVICES INC. AGENCY3 | 200 STATE STREET, SUITE 701 BOSTON, MA 02109 | NATIONAL UNION FIRE INS. CO. OF PITTSBURGH | $3K | — | $3K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WOLF & COMPANY, P.C. EIN 04-2689883 NONE | Accounting (including auditing) Service code 10 | 255 STATE STREET BOSTON, MA 02109 | $25K |
| SMITH & DOWNEY EIN 52-1839270 NONE | Legal Service code 29 | 320 TOWSONTOWN BLVD., SUITE EAST BALTIMORE, MD 21286 | $19K |
| MASS FIN SERVICES INS AGENCY EIN 04-2680895 NONE | Contract Administrator; Claims processing Service code 12 | 200 STATE STREET, SUITE 701 BOSTON, MA 02109 | $3K |
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 | 10,246 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 605 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 10,851 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD - MEDICAL | 10,246 | $191.5M |
| Dental | BLUE CROSS BLUE SHIELD OF MA-DENTAL | 8,499 | $8.1M |
| Other(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF MA-MEDEX | 7,521 | $1.5M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 10,246 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
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.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.