| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LABOR FIRST LLC5 Filed as: LABOR FIRST, LLC | 300 MIDLANTIC DR. SUITE 101 MOUNT LAUREL, NJ 08054 | MEDCO CONTAINMENT LIFE INS. CO. | — | $287K | $287K | 16.68% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ANTHEM HEALTH EIN 06-1475928 NONE | Direct payment from the plan; Claims processing; Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator; Other services; Float revenue Service code 12 | — | $523K |
| EMPLOYEE B EIN 06-0691728 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $178K |
| EMPLOYEE D EIN 06-0691728 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $121K |
| EMPLOYEE A EIN 06-0691728 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $119K |
| INNOVATIVE SOFTWARE SOLUTIONS, INC. EIN 23-2182079 NONE | Direct payment from the plan; Consulting (general) Service code 16 | — | $115K |
| EMPLOYEE E EIN 06-0691728 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $110K |
| EMPLOYEE C EIN 06-0691728 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $102K |
| GUARDIAN EIN 13-5123390 NONE | Claims processing; Contract Administrator; Direct payment from the plan Service code 12 | — | $62K |
| MORGAN STANLEY EIN 20-8764829 NONE | Securities brokerage commissions and fees; Other services; Custodial (securities); Securities brokerage; Direct payment from the plan; Account maintenance fees; Investment advisory (plan); Investment management fees paid directly by plan; Other fees; Other investment fees and expenses Service code 19 | — | $59K |
| O'SULLIVAN ASSOCIATES INC EIN 22-1837827 NONE | Direct payment from the plan; Actuarial Service code 11 | — | $54K |
| MED-CARE MANAGEMENT, INC. EIN 88-0429522 NONE | Contract Administrator; Direct payment from the plan Service code 13 | — | $47K |
| ROBERT M CHEVERIE & ASSOCIATES EIN 06-1335139 NONE | Legal; Direct payment from the plan Service code 29 | — | $40K |
| UBS FINANCIAL SERVICES, INC. EIN 13-2638166 NONE | Other fees; Custodial (securities); Account maintenance fees; Investment advisory (plan) Service code 19 | — | $36K |
| OPTUM EIN 33-0441200 NONE | Claims processing; Direct payment from the plan Service code 12 | — | $34K |
| NOVAK FRANCELLA, LLC EIN 61-1436956 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $32K |
| COOKE & BIELER, INC. EIN 23-3082822 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $26K |
| ALLEGIANT RX EIN 02-6015031 NONE | Other fees; Claims processing Service code 12 | — | $23K |
| ROTHSCHILD ASSET MANAGEMENT EIN 13-2544634 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $17K |
| MASSUCCI & ASSOCIATES EIN 06-1462567 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $15K |
| BOYD WATTERSON ASSET MANAGMENT EIN 34-1922005 NONE | Investment management fees paid directly by plan; Investment management Service code 28 | — | $13K |
| DAVIS VISION EIN 11-3051991 NONE | Contract Administrator; Direct payment from the plan; Claims processing Service code 12 | — | $12K |
| POLEN CAPITAL MANAGEMENT LLC EIN 26-0319356 NONE | Investment management fees paid directly by plan; Investment management Service code 28 | — | $7K |
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 | 1,452 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 668 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 2,120 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | UNION LABOR LIFE CO. INC. | 1,851 | $186K |
| Other(2 contracts, 2 carriers) | MEDCO CONTAINMENT LIFE INS. CO. | 1,223 | $1.8M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,851 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.