| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LABOR FIRST LLC3 Filed as: LABOR FIRST | 1000 MIDATLANTIC DR., #100 MOUNT LAUREL, NJ 08054 | ANTHEM BLUE CROSS BLUE SHIELD | — | $110K | $110K | 17.70% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| INSURANCE ADMINISTRATORS OF AMERICA NONE | Contract Administrator; Direct payment from the plan Service code 13 | THE IAA BUILDING, 1934 OLNEY AVE CHERRY HILL TOWNSHIP, NJ 08003 | $661K |
| CAPITAL RX, INC. EIN 35-2512946 NONE | Direct payment from the plan; Contract Administrator Service code 13 | — | $431K |
| BENEFITS DNA, LLC NONE | Direct payment from the plan; Actuarial Service code 11 | 2400 MARKET STREET, SUITE 245 PHILADELPHIA, PA 19103 | $215K |
| REID & RIEGE, P.C. EIN 06-0867204 NONE | Legal; Direct payment from the plan Service code 29 | — | $127K |
| HLH HOLDINGS, LLC NONE | Contract Administrator; Direct payment from the plan Service code 13 | 130 N 18TH ST. 26TH FL STE 2675 PHILADELPHIA, PA 19103 | $88K |
| ROBERT M. CHEVERIE & ASSOCIATES EIN 06-1335139 NONE | Legal; Direct payment from the plan Service code 29 | — | $39K |
| NOVAK FRANCELLA, LLC EIN 61-1436956 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $24K |
| LOWER HUDSON VALLEY EAP EIN 13-3240307 NONE | Contract Administrator; Direct payment from the plan Service code 13 | — | $20K |
| MERRILL LYNCH PIERCE FENNER & SMITH EIN 13-5674085 NONE | Investment management; Direct payment from the plan Service code 28 | — | $16K |
| BMI AUDIT SERVICES, LLC NONE | Direct payment from the plan; Consulting (general); Insurance services Service code 16 | 100 E. WAYNE ST., 400 SOUTH BEND, IN 46601 | $16K |
| KEY BANK NONE | Other services; Direct payment from the plan Service code 49 | 127 PUBLIC SQUARE CLEVELAND, OH 44114 | $12K |
| HINGE HEALTH NONE | Contract Administrator; Direct payment from the plan Service code 13 | 455 MARKET STREET, SUITE 700 SAN FRANCISCO, CA 94105 | $8K |
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 | 639 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 303 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 942 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | STANDARD INSURANCE COMPANY | 510 | $73K |
| Stop-loss / reinsurancereinsurance | NATIONWIDE LIFE INSURANCE | 579 | $545K |
| Other | STANDARD INSURANCE COMPANY | 510 | $73K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 579 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.