| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GALLO THOMAS INSURANCE AGENCY3 Filed as: GALLO THOMAS INSURANCE | 125 METRO CENTER BLVD STE 3001 WARWICK, RI 02886 | TOKIO MARINE | $14K | — | $14K | 8.88% |
| THE THOMAS INSURANCE AGENCY INC3 | 125 METRO CENTER BLVD STE 3001 WARWICK, RI 02886 | BERKLEY LIFE | $13K | — | $13K | 8.83% |
| GALLO THOMAS INSURANCE AGENCY3 | 125 METRO CENTER BLVD STE 3001 WARWICK, RI 02886 | DELTA DENTAL OF RHODE ISLAND | $4K | — | $4K | 5.05% |
| GALLO THOMAS INSURANCE AGENCY3 Filed as: GALLO THOMAS INS AGNCY INC | 125 METRO CENTER BLVD STE 3001 WARWICK, RI 02886 | SUN LIFE ASSURANCE COMPANY OF CANADA | $5K | — | $5K | 11.23% |
| GALLO THOMAS INSURANCE AGENCY3 Filed as: GALLO THOMAS INSURANCE | 125 METRO CENTER BLVD STE 3001 WARWICK, RI 028861785 | VISION SERVICE PLAN | $795 | — | $795 | 6.82% |
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 | 113 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 113 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF RHODE ISLAND | 196 | $69K |
| Vision | VISION SERVICE PLAN | 89 | $12K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 226 | $47K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 226 | $47K |
| Other(3 contracts, 3 carriers) | TOKIO MARINE | 226 | $352K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 226 | — |
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.