| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| TIMOTHY DOHERTY3 | 52 MAYO AVENUE NEEDHAM, MA 02492 | OPTUM HEALTH | — | $172K | $172K | 73.18% |
| BLUE BENEFIT ADMINISTRATORS OF MASS3 | P.O. BOX 55917 BOSTON, MA 02205 | OPTUM HEALTH | — | $168K | $168K | 71.73% |
| PFG BENEFITS, INC.3 Filed as: PFG BENEFITS INC. | 75 SECOND AVENUE NEEDHAM, MA 02494 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $2K | $3K | $5K | 2.11% |
| PINNACLE BROKERS3 Filed as: PINNACLE FINANCIAL GROUP | 144 TURNPIKE ROAD, SUITE 110 SOUTHBOROUGH, MA 01772 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $14K | $2K | $16K | 20.90% |
| M FINANCIAL HOLDINGS INC3 Filed as: M FINANCIAL HOLDINGS | STE 900 1125 NW COUCH ST PORTLAND, OR 97209 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | — | $2K | $2K | 2.15% |
| PFG BENEFITS, INC.3 Filed as: PFG BENEFITS INC. | 75 SECOND AVENUE NEEDHAM, MA 02494 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $290 | — | $290 | 14.99% |
| BP BENEFITS, LLC3 | 160 GOULD STREET SUITE 310 NEEDHAM HEIGHTS, MA 02494 | DELTA DENTAL OF MASSACHUSETTS | $8K | $38K | $46K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ALEXANDER, ARONSON, FINNING & CO., EIN 04-2571780 AUDITOR | Accounting (including auditing) Service code 10 | 50 WASHINGTON STREET WESTBOROUGH, MA 01581 | $10K |
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 | 474 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 474 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | OPTUM HEALTH | 331 | $234K |
| Dental | DELTA DENTAL OF MASSACHUSETTS | 777 | $0 |
| Life insurance(3 contracts, 3 carriers) | UNIAMERICA INSURANCE COMPANY | 474 | $464K |
| Long-term disability(2 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 433 | $303K |
| Other(2 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 474 | $227K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 777 | — |
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.