| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BP BENEFITS, LLC5 | 160 GOULD STREET NEEDHAM HEIGHTS, MA 02494 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | $9K | $2K | $11K | 3.38% |
| INDIGO INSURANCE SERVICES3 | 401 PARK DRIVE BOSTON, MA 02215 | USABLE LIFE | $11K | — | $11K | 11.90% |
| MICHAEL L ELCOCK3 | 838 WEBSTER STREET NEEDHAM, MA 02492 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $987 | — | $987 | 4.03% |
| DOUGLAS S HALL3 | 118 GREENACRE ROAD WESTWOOD, MA 02050 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $691 | — | $691 | 2.82% |
| MICHAEL J. MURRAY3 Filed as: MICHAEL J MURRAY | 329 PARK STREET BOSTON, MA 02132 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $296 | — | $296 | 1.21% |
| BLUE CROSS BLUE SHIELD OF FLORIDA5 Filed as: BLUE BENEFIT ADMINISTRATORS OF MA | P.O. BOX 55917 BOSTON, MA 022055917 | EXCESS RISK REINSURANCE | — | $152K | $152K | — |
| BULFINCH GROUP INSURANCE AGY3 Filed as: BULFINCH BENEFITS GROUP | 160 GOULD STREET NEEDHAM, MA 02494 | EXCESS RISK REINSURANCE | — | $35K | $35K | — |
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 | 365 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 368 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | EXCESS RISK REINSURANCE | 395 | $0 |
| Dental | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | 416 | $330K |
| Vision | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 176 | $24K |
| Life insurance | USABLE LIFE | 569 | $96K |
| Long-term disability | USABLE LIFE | 569 | $96K |
| Other | USABLE LIFE | 569 | $96K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 569 | — |
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.