| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: HP PLANNING LLC DBA ALERA | NORTHEAST - NORWALK 535 CONNECTICUT AVE STE 502 NORWALK, CT 06854 | SUN LIFE ASSURANCE COMPANY OF CANADA | $135K | — | $135K | 4.40% |
| SPRING INSURANCE GROUP LLC3 Filed as: SPRING INSURANCE GROUP | 30 FEDERAL STREET 4TH FL BOSTON, MA 02110 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $150K | — | $150K | 6.56% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP | 3 PARKWAY N BLVD STE 500 DEERFIELD, IL 60015 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | — | $90K | $90K | 3.93% |
| HP PLANNING LLC3 | 535 CONNECTICUT AVE STE 500 NORWALK, CT 06854 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. (MEDEX) | $1K | $727 | $2K | 4.49% |
| SPRING INSURANCE GROUP LLC3 Filed as: SPRING INSURANCE GROUP, LLC | 30 FEDERAL ST 4TH FLOOR BOSTON, MA 02110 | DENTAL SERVICE OF MASSACHUSETTS, INC DBA DELTA DENTAL | $18K | — | $18K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MA EIN 04-1045815 NONE | Claims processing Service code 12 | — | $542K |
| HP PLANNING LLC BROKER | Insurance agents and brokers Service code 22 | 535 CONNECTICUT AVE STE 502 NORWALK, CT 06854 | $14K |
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 | 957 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 6 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 963 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. (MEDEX) | 6 | $49K |
| Dental | DENTAL SERVICE OF MASSACHUSETTS, INC DBA DELTA DENTAL | 1,497 | $0 |
| Life insurance | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 531 | $2.3M |
| Short-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 531 | $2.3M |
| Long-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 531 | $2.3M |
| Stop-loss / reinsurancereinsurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 967 | $3.1M |
| Other(2 contracts, 2 carriers) | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 947 | $2.3M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,497 | — |
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.