| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | 1 CORPORATE DRIVE SUITE 225 SHELTON, CT 06484 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $10K | — | $10K | 0.31% |
| PROCYON BENEFITS, LLC3 | ONE CORPORATE DRIVE STE 225 SHELTON, CT 06484 | HARTFORD LIFE AND ACCIDENT | $11K | — | $11K | 4.11% |
| CROSS INSURANCE3 Filed as: CROSS INSURANCE INC | 2 CORPORATE DRIVE SUITE 335 SHELTON, CT 06484 | HARTFORD LIFE AND ACCIDENT | $3 | — | $3 | 0.00% |
| PROCYON BENEFITS, LLC3 | 1 CORPORATE DR. SUITE 225 SHELTON, CT 06484 | EYEMED VISION CARE ON BEHALF OF THE FIDELITY LIFE INSURANCE COMPANY | $2K | — | $2K | 9.98% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 CLAIMS ADMINISTRATION | Direct payment from the plan; Named fiduciary; Participant communication; Other services; Claims processing; Non-monetary compensation; Contract Administrator; Float revenue Service code 12 | — | $17K |
| CIGNA | Non-monetary compensation; Claims processing; Other services; Float revenue; Named fiduciary; Participant communication; Contract Administrator; Direct payment from the plan Service code 12 | — | $0 |
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 | 424 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 429 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 607 | $3.1M |
| Dental | DELTA DENTAL OF NEW JERSEY, INC. | 601 | $194K |
| Vision | EYEMED VISION CARE ON BEHALF OF THE FIDELITY LIFE INSURANCE COMPANY | 602 | $18K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 558 | $266K |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 558 | $266K |
| Prescription drug | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 607 | $3.1M |
| Other | HARTFORD LIFE AND ACCIDENT | 558 | $266K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 607 | — |
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.
Broker comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.