| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MG BENEFITS CONSULTING GROUP LLC3 | 2A HARDSCRABBLE RD NORTH SALEM, NY 10560 | AETNA LIFE INS CO | $93K | — | $93K | 5.06% |
| MG BENEFITS CONSULTING GROUP LLC3 | 2A HARDSCARBBLE RD NORTH SALEM, NY 10560 | FIRST RELIANCE STANDARD LIFE INS CO | $3K | $472 | $4K | 8.67% |
| MG BENEFITS CONSULTING GROUP LLC3 | 2A HARDSCRABBLE RD NORTH SALEM, NY 10560 | FIRST RELIANCE STANDARD LIFE INS CO | $3K | $310 | $4K | 13.88% |
| MG BENEFITS CONSULTING GROUP LLC3 | 2A HARDSCRABBLE RD NORTH SALEM, NY 10560 | FIRST RELIANCE STANDARD LIFE INS CO | $1K | $113 | $1K | 12.19% |
| MG BENEFITS CONSULTING GROUP LLC3 | 2A HARDSCRABBLE RD NORTH SALEM, NY 10560 | UNITED HEALTHCARE INS CO | $563 | — | $563 | 9.12% |
No Schedule C service providers reported on this filing.
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 | 253 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 253 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INS CO | 257 | $1.8M |
| Dental | AETNA LIFE INS CO | 257 | $1.8M |
| Vision | UNITED HEALTHCARE INS CO | 150 | $6K |
| Life insurance | FIRST RELIANCE STANDARD LIFE INS CO | 204 | $10K |
| Short-term disability | FIRST RELIANCE STANDARD LIFE INS CO | 231 | $46K |
| Long-term disability | FIRST RELIANCE STANDARD LIFE INS CO | 204 | $26K |
| Other | FIRST RELIANCE STANDARD LIFE INS CO | 204 | $10K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 257 | — |
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.