| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| INSIGHT INSURANCE AGENCY LLC3 Filed as: INSIGHT INSURANCE AGENCY | 152 CONANT STREET SECOND FLOOR BEVERLY, MA 01915 | BLUE CROSS & BLUE SHIELD OF MASSACHUSETTS, INC. | $78K | — | $78K | 1.78% |
| INSIGHT INSURANCE AGENCY LLC3 Filed as: INSIGHT INSURANCE AGENCY | 152 CONANT STREET SECOND FLOOR BEVERLY, MA 01915 | RELIANCE STANDARD | $3K | $663 | $4K | 5.66% |
| INSIGHT INSURANCE AGENCY LLC3 | 152 CONANT STREET STREET SECOND FLOOR BEVERLY, MA 01915 | RELIANCE STANDARD | $4K | $552 | $5K | 11.38% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUECROSS BLUESHIELD OF MASSACHUSET EIN 04-1045815 ADMINISTRATIVE SERVICES | Claims processing Service code 12 | 101 HUNTINGTON AVE STE 1300 BOSTON, MA 021997611 | $35K |
| INSIGHT INSURANCE AGENCY EIN 46-2871146 PRODUCER | Insurance brokerage commissions and fees Service code 53 | 152 CONANT STREET SECOND FLOOR BEVERLY, MA 01915 | $6K |
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 | 722 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 722 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS & BLUE SHIELD OF MASSACHUSETTS, INC. | 319 | $4.4M |
| Life insurance | RELIANCE STANDARD | 722 | $69K |
| Long-term disability | RELIANCE STANDARD | 373 | $40K |
| Other | RELIANCE STANDARD | 722 | $69K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 722 | — |
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."
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.