| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: BOSTON BENEFIT PARTNERS- ALERA | 177 MILK STREET STE 310 BOSTON, MA 02109 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $8K | $24K | $32K | 3.50% |
| IMA, INC.3 Filed as: IMA INC | ONE GATEWAY CENTER SUITE 650 NEWTON, MA 02458 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | — | $4K | 0.48% |
| GCG FINANCIAL LLC3 Filed as: BOSTON BENEFIT PARTNERS - ALERA | 177 MILK STREET STE 310 BOSTON, MA 02109 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | $16K | $21K | 2.47% |
| IMA, INC.3 | ONE GATEWAY CENTER SUITE 650 NEWTON, MA 02458 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 0.25% |
| IMA, INC.3 Filed as: IMA INC | ONE GATEWAY CENTER SUITE 650 NEWTON, MA 02458 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | $6K | $28K | $35K | 26.27% |
| HP PLANNING LLC3 Filed as: HP PLANNING, LLC | 535 CONNECTICUT AVE SUITE 401 NORWALK, CT 06854 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | $7K | — | $7K | 5.12% |
| GCG FINANCIAL LLC3 Filed as: BOSTON BENEFIT PARTNERS- ALERA | 177 MILK STREET STE 310 BOSTON, MA 02109 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | $651 | $3K | 4.40% |
| IMA, INC.3 Filed as: IMA INC | ONE GATEWAY CENTER STE 650 NETWON, MA 02458 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 2.42% |
| IMA, INC.3 Filed as: IMA INC | ONE GATEWAY CENTER STE 650 NETWON, MA 02458 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | — | $1K | 7.14% |
| GCG FINANCIAL LLC3 Filed as: BOSTON BENEFIT PARTNERS- ALERA | 177 MILK STREET STE 310 BOSTON, MA 02109 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $325 | $549 | $874 | 5.14% |
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 | 2,210 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 10 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 2,220 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | 2,751 | $133K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,594 | $843K |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 47 | $17K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,250 | $919K |
| Other(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,594 | $905K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,751 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.