| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PFG BENEFITS, INC.3 | 117 KENDRICK STREET SUITE 300 NEEDHAM, MA 02494 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $4K | — | $4K | 1.85% |
| PFG BENEFITS, INC.3 Filed as: PFG BENEFITS | 117 KENDRICK STREET SUITE 300 NEEDHAM, MA 02494 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $6K | — | $6K | 2.82% |
| PFG BENEFITS, INC.3 | 117 KENDRICK STREET SUITE 300 NEEDHAM, MA 02494 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $4K | — | $4K | 2.26% |
| PFG BENEFITS, INC.3 | 117 KENDRICK ST SUITE 300 NEEDHAM, MA 02494 | EYEMED | $7K | — | $7K | 7.01% |
| PFG BENEFITS, INC.3 | 117 KENDRICK STREET SUITE 300 NEEDHAM, MA 02494 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $3K | — | $3K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE BENEFITS ADMINISTRATORS OF MA EIN 04-1045815 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | PO BOX 55917 BOSTON, MA 02205 | $663K |
| PINNACLE HR SOLUTIONS EIN 47-2257650 INSURANCE AGENT | Custodial (securities) Service code 19 | 117 KENDRICK ST SUITE 300 NEEDHAM, MA 02494 | $292K |
| DENTAL SERVICE OF MASSACHUSETTS INC EIN 04-6143185 CONTRACT ADMINISTRATOR | Claims processing Service code 12 | 465 MEDFORD ST SUITE 400 BOSTON, MA 02129 | $164K |
| PFG BENEFITS, INC EIN 47-2257650 INSURANCE AGENT | Custodial (securities) Service code 19 | 117 KENDRICK ST SUITE 300 NEEDHAM, MA 02494 | $28K |
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 | 1,878 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 11 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,889 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | EYEMED | 1,858 | $94K |
| Life insurance(2 contracts) | RELIANCE STANDARD LIFE INSURANCE COMPANY | 1,846 | $398K |
| Long-term disability | RELIANCE STANDARD LIFE INSURANCE COMPANY | 1,846 | $220K |
| Other(2 contracts) | RELIANCE STANDARD LIFE INSURANCE COMPANY | 1,846 | $245K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,858 | — |
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.