| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ERC OF NY, INC. Filed as: ERC OF NY | 261 MADISON AVENUE NEW YORK, NY 10016 | COLONIAL VOLUNTARY BENEFITS -PAUL REVERE LIFE INS CO | $11K | $11K | $22K | 55.39% |
| EMERSON REID LLC | 1787 SENTRY PARKWAY W VEVA SUITE 32 BLUE BELL, PA 19422 | GUARDIAN | $7K | — | $7K | — |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES EIN 33-0449333 NONE | Direct payment from the plan; Contract Administrator; Claims processing Service code 12 | 6300 BRIDGEPOINT PARKWAY BUILDING 3, SUITE 500 AUSTIN, TX 78730 | $10K |
| THE BOON INSURANCE AGENCY EIN 74-2236168 NONE | Insurance brokerage commissions and fees; Insurance agents and brokers Service code 22 | 6300 BRIDGEPOINT PARKWAY BUILDING 3, SUITE 500 AUSTIN, TX 78730 | $9K |
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 | 125 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 125 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | COLONIAL VOLUNTARY BENEFITS -PAUL REVERE LIFE INS CO | 0 | $39K |
| Life insurance(2 contracts, 2 carriers) | COLONIAL VOLUNTARY BENEFITS -PAUL REVERE LIFE INS CO | 85 | $39K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 85 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.