| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF FLORIDA5 Filed as: BLUE BENEFIT ADMINISTRATORS OF MA | P.O. BOX 55917 BOSTON, MA 02205 | BCBS OF MA | $414K | — | $414K | 27.59% |
| WELLESLEY INSURANCE AGENCY3 Filed as: WELLESLEY INSURANCE AGENCY, INC. | 586 BOSTON POST ROAD WESTON, MA 02493 | BCBS OF MA | $90K | — | $90K | 6.00% |
| STEPHEN J. BELL3 | 94 COCHITUATE RD WAYLAND, MA 01778 | THE GUARDIAN | $33K | — | $33K | 4.68% |
| STEPHEN J. BELL3 | 94 COCHITUATE RD. WAYLAND, MA 01778 | THE GUARDIAN | $5K | — | $5K | 2.37% |
| BULFINCH GROUP INSURANCE AGY3 | — | THE GUARDIAN | $278 | — | $278 | 0.12% |
| STEPHEN J. BELL3 | 94 COCHITUATE RD. WAYLAND, MA 01778 | THE GUARDIAN | $8K | — | $8K | 13.00% |
No Schedule C service providers reported on this filing.
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 | 1,134 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,134 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BCBS OF MA | 1,524 | $1.5M |
| Dental | THE GUARDIAN | 1,081 | $708K |
| Vision | THE GUARDIAN | 1,081 | $708K |
| Life insurance(2 contracts) | THE GUARDIAN | 1,081 | $770K |
| Long-term disability | THE GUARDIAN | 1,081 | $708K |
| Other(2 contracts) | THE GUARDIAN | 1,081 | $938K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,524 | — |
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."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.