| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| QUANTUM FINANCIAL STRATEGIES3 | 118 NORTH BEDFORD ROAD SUITE 100 MOUNT KISCO, NY 10549 | AETNA LIFE INSURANCE COMPANY | $5K | — | $5K | 0.14% |
| QUANTUM FINANCIAL STRATEGIES | 118 N BEDFORD RD STE 100 MOUNT KISCO, NY 10549 | HARTFORD LIFE AND ACCIDENT | $4K | — | $4K | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| QUANTUM FINANCIAL STRATEGIES INSURANCE BROKER | Insurance brokerage commissions and fees Service code 53 | 118 N BEDFORD ROAD SUITE 100 MOUNT KISCO, NY 10549 | $132K |
| JOHN T. OATES EIN 13-1966980 PPGU OFFICIAL | Employee (plan) Service code 30 | 889 BROADWAY BAYONNE, NJ 07002 | $71K |
| THE LAMBOS FIRM, LLP EIN 13-3864093 CO-COUNSEL | Legal Service code 29 | 300 SOUTH BROADWAY SUITE 410 TARRYTOWN, NY 10591 | $59K |
| SLEVIN & HART, PC EIN 52-1708613 CO-COUNSEL | Legal Service code 29 | 1625 MASSACHUSETTS AVENUE NW SUITE 450 WASHINGTON, DC 20036 | $35K |
| DESENA & COMPANY CPAS EIN 20-0609534 AUDITOR | Accounting (including auditing) Service code 10 | 100 EAGLE ROCK AVENUE SUITE 100 EAST HANOVER, NJ 07936 | $29K |
| JUNE LENNON EIN 13-1966980 EMPLOYEE | Employee (plan) Service code 30 | 889 BROADWAY BAYONNE, NJ 07002 | $27K |
| MOGILA LAW GROUP, LLC EIN 87-2593727 CO-COUNSEL | Legal Service code 29 | 5 PENN PLAZA 23RD FLOOR NEW YORK, NY 10001 | $25K |
| KATHY SCHIERECK EIN 13-1966980 ACCOUNTANT | Accounting (including auditing) Service code 10 | 889 BROADWAY BAYONNE, NJ 07002 | $11K |
| CYNOMYS, INC. EIN 82-2668930 ACTUARY | Actuarial Service code 11 | 16170 POPPY SEED CIRCLE DELRAY BEACH, FL 33484 | $11K |
| RAYMOND GORSKI EIN 13-1966980 EMPLOYEE | Employee (plan) Service code 30 | 889 BROADWAY BAYONNE, NJ 07002 | $10K |
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 | 183 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 93 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 276 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY | 391 | $3.7M |
| Dental | AETNA LIFE INSURANCE COMPANY | 391 | $3.7M |
| Vision | AETNA LIFE INSURANCE COMPANY | 391 | $3.7M |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 158 | $36K |
| Prescription drug | HEALTHIER NEW JERSEY INSURANCE COMPANY | 70 | $94K |
| Other | HARTFORD LIFE AND ACCIDENT | 158 | $36K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 391 | — |
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 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.