| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BP BENEFITS, LLC3 | 160 GOULD STREET NEEDHAM HEIGHTS, MA 02494 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | $9K | $167 | $9K | 2.81% |
| BLUE CROSS BLUE SHIELD OF FLORIDA5 Filed as: BLUE BENEFIT ADMINISTRATORS OF MA | P.O. BOX 55917 BOSTON, MA 022055917 | EXCESS RISK REINSURANCE | — | $151K | $151K | 112.02% |
| BULFINCH GROUP INSURANCE AGY3 Filed as: BULFINCH BENEFITS GROUP | 160 GOULD STREET NEEDHAM, MA 02494 | EXCESS RISK REINSURANCE | — | $34K | $34K | 25.14% |
| INDIGO INSURANCE SERVICES3 | 401 PARK DRIVE BOSTON, MA 02215 | USABLE LIFE | $12K | — | $12K | 11.91% |
| BP BENEFITS, LLC3 Filed as: BP BENEFITS LLC | 160 GOULD STREET, SUITE 130 NEEDHAM, MA 02494 | USABLE LIFE | — | $2K | $2K | 2.18% |
| MICHAEL L ELCOCK3 | 838 WEBSTER STREET NEEDHAM, MA 02492 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $1K | — | $1K | 3.87% |
| DOUGLAS S HALL3 | 118 GREENACRE ROAD WESTWOOD, MA 02050 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $743 | — | $743 | 2.71% |
| MICHAEL J. MURRAY3 Filed as: MICHAEL J MURRAY | 329 PARK STREET BOSTON, MA 02132 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $318 | — | $318 | 1.16% |
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 | 389 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 6 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 395 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | EXCESS RISK REINSURANCE | 389 | $135K |
| Dental | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS | 409 | $322K |
| Vision | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 204 | $27K |
| Life insurance | USABLE LIFE | 528 | $100K |
| Long-term disability | USABLE LIFE | 528 | $100K |
| Other | USABLE LIFE | 528 | $100K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 528 | — |
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.