| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BLUE BENEFIT ADMINISTRATORS OF MASS3 | P.O. BOX 55917 BOSTON, MA 02205 | SUN LIFE | — | $193K | $193K | 53.99% |
| TIMOTHY DOHERTY3 | 52 MAYO AVENUE NEEDHAM, MA 02492 | SUN LIFE | — | $183K | $183K | 51.22% |
| PFG BENEFITS, INC.3 Filed as: PFG BENEFITS INC. | 75 SECOND AVENUE NEEDHAM, MA 02494 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $9K | — | $9K | 3.12% |
| PINNACLE BROKERS3 Filed as: PINNACLE FINANCIAL GROUP | 144 TURNPIKE ROAD, SUITE 110 SOUTHBOROUGH, MA 01772 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $14K | $2K | $16K | 17.43% |
| 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% |
| BP BENEFITS, LLC3 | 160 GOULD STREET SUITE 310 NEEDHAM HEIGHTS, MA 02494 | DELTA DENTAL OF MASSACHUSETTS | $9K | $39K | $48K | — |
| 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 | 466 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 466 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | SUN LIFE | 352 | $357K |
| Dental | DELTA DENTAL OF MASSACHUSETTS | 810 | $0 |
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 446 | $286K |
| Long-term disability(2 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 446 | $379K |
| Prescription drug | RXBENEFITS, INC. | 360 | $0 |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 355 | $357K |
| Other | UNUM LIFE INSURANCE COMPANY OF AMERICA | 446 | $286K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 810 | — |
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.
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.