| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SPIRO, MARC3 Filed as: SPIRO INC | 10 DR. JAMES PARKER BLVD RED BANK, NJ 07701 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $95K | $0 | $95K | 15.35% |
| PLATINUM PLANNING INC3 Filed as: PLATINUM PLANNING INC. | 718 RIVER ROAD FAIR HAVEN, NJ 07704 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $0 | $38K | $38K | 6.14% |
| BENE RE LLC3 Filed as: BENE-CEPT CONSULTANTS | 1933 HIGHWAY 35 SUITE 354 WALL, NJ 07719 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $30K | $6K | $37K | 14.80% |
| BENE RE LLC3 Filed as: BENE-CEPT CONSULTANTS | 10 DR. JAMES PARK BLVD, STE 101-201 RED BANK, NJ 07701 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $2K | $668 | $2K | 18.76% |
| INTERNL PLANNING ALL LLC3 | 300 BROADACRES DR, SUITE 175 BLOOMFIELD, NJ 07003 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $33 | $0 | $33 | 0.26% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COM EIN 59-1031071 SERVICE PROVIDER | Float revenue; Direct payment from the plan; Contract Administrator; Other services; Non-monetary compensation; Named fiduciary; Participant communication; Claims processing Service code 12 | — | $49K |
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 | 120 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 121 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 188 | $616K |
| Dental | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $247K |
| Vision | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $247K |
| Life insurance | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $247K |
| Short-term disability(2 contracts) | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $260K |
| Long-term disability | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $247K |
| Other | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 120 | $247K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 188 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.