| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BLUE BENEFIT ADMINISTRATORS OF MASS0 | P.O. BOX 55917 BOSTON, MA 02205 | SUN LIFE | — | $228K | $228K | 38.26% |
| TIMOTHY DOHERTY3 | 52 MAYO AVENUE NEEDHAM, MA 02492 | SUN LIFE | — | $207K | $207K | 34.84% |
| PFG BENEFITS, INC.3 Filed as: PFG BENEFITS INC | 117 KENDRICK STREET STE 300 NEEDHAM HEIGHTS, MA 02494 | HARTFORD LIFE AND ACCIDENT | $56K | — | $56K | 15.36% |
| INDIGO INSURANCE SERVICES3 Filed as: INDIGO INSURANCE SERVICES LLC | 100 FRONT STREET 20TH FLOOR WORCESTER, MA 01608 | HARTFORD LIFE AND ACCIDENT | $25K | — | $25K | 6.94% |
| HUB INTERNATIONAL MIDWEST LIMITED3 Filed as: HUB INTL MIDWEST LIMITED | 55 E JACKSON STE 14B CHICAGO, IL 60604 | HARTFORD LIFE AND ACCIDENT | $25K | — | $25K | 6.94% |
| TIMOTHY DOHERTY3 | SUITE 702 NEEDHAM, MA 02494 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $13K | — | $13K | 14.29% |
| M FINANCIAL HOLDINGS INC3 | 1125 NW COUCH ST SUITE 900 PORTLAND, OR 97209 | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $2K | — | $2K | 2.08% |
| BP BENEFITS, LLC3 | 160 GOULD STREET SUITE 310 NEEDHAM HEIGHTS, MA 02494 | DELTA DENTAL OF MASSACHUSETTS | $7K | $49K | $56K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| AAFCPAS, INC. EIN 04-2571780 AUDITOR | Accounting (including auditing) Service code 10 | 50 WASHINGTON STREET WESTBOROUGH, MA 01581 | $15K |
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 | 723 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 723 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | SUN LIFE | 462 | $595K |
| Dental | DELTA DENTAL OF MASSACHUSETTS | 1,073 | $0 |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 703 | $366K |
| Short-term disability | HARTFORD LIFE AND ACCIDENT | 703 | $366K |
| Long-term disability(2 contracts, 2 carriers) | HARTFORD LIFE AND ACCIDENT | 703 | $456K |
| Prescription drug | RXBENEFITS, INC. | 469 | $0 |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 491 | $595K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,073 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.