| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE GAUDREAU GROUP INC.3 | 2377 BOSTON ROAD WILBRAHAM, MA 01095 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $26K | $0 | $26K | 9.57% |
| DIGITAL INSURANCE LLC3 Filed as: DIGITAL INSURANCE INC | 200 GALLERIA PARKWAY SUITE 1950 ATLANTA, GA 30339 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $6K | $0 | $6K | 2.17% |
| DIGITAL INSURANCE LLC5 Filed as: DIGITAL INSURANCE INC | 200 GALLERIA PARKWAY SUITE 1950 ATLANTA, GA 30339 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $0 | $2K | $2K | 0.60% |
| DIGITAL INSURANCE LLC3 Filed as: DIGITAL INSURANCE INC | 200 GALLERIA PARKWAY SUITE 1950 ATLANTA, GA 30339 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $574 | $0 | $574 | 0.21% |
| BLUE BENEFIT ADMINISTRATORS OF MASS5 Filed as: BLUE BENEFIT ADMIN OF MASSACHUSETTS | P O BOX 55917 BOSTON, MA 02205 | BCBS OF MA | $0 | $177K | $177K | 80.77% |
| THE GAUDREAU GROUP INC.3 | 2377 BOSTON ROAD WILBRAHAM, MA 01095 | BCBS OF MA | $39K | $0 | $39K | 17.65% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| HEALTH EQUITY INC EIN 52-2383166 THIRD PARTY ADMINISTRATOR | Claims processing; Direct payment from the plan; Contract Administrator; Participant communication Service code 12 | 15 W. SCENIC POINTE DR. SUITE 100 DRAPER, UT 84020 | $8K |
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 | 370 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 370 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BCBS OF MA | 21 | $219K |
| Dental | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 370 | $269K |
| Life insurance | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 370 | $269K |
| Short-term disability | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 370 | $269K |
| Long-term disability | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 370 | $269K |
| Prescription drug | BCBS OF MA | 21 | $219K |
| Other | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 370 | $269K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 370 | — |
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.