| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| DAVID RISPLER3 | PREMIER CONSULTING PARTNERS 1000 WOODBURY ROAD, SUITE 300 WOODBURY, NY 11797 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. | $38K | — | $38K | 3.00% |
| KEVIN A KELLEHER3 | 401 ROUTE 73 N SUITE 201 MARLTON, NJ 08053 | UNION SECURITY INSURANCE COMPANY | $5K | — | $5K | 10.91% |
| KEY BENEFIT ADMINISTRATORS, INC3 Filed as: KEY BENEFIT ADMINISTRATORS INC | 8330 ALLSION POINTE TRAIL INDIANAPOLIS, IN 46250 | COMPANION LIFE INSURANCE | $23K | — | $23K | 435.25% |
| EMERSON REID LLC3 | 1305 WALT WHITMAN ROAD SUITE 310 MELVILLE, NY 11747 | COMPANION LIFE INSURANCE | $8K | — | $8K | 152.83% |
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 | 209 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 213 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. | 100 | $1.3M |
| Dental | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS, INC. | 100 | $1.3M |
| Life insurance | UNION SECURITY INSURANCE COMPANY | 46 | $42K |
| Short-term disability | UNION SECURITY INSURANCE COMPANY | 46 | $42K |
| Long-term disability | UNION SECURITY INSURANCE COMPANY | 46 | $42K |
| Other | UNION SECURITY INSURANCE COMPANY | 46 | $42K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 100 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
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.