| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GARY WOOD ASSOCIATES, INC.3 | 1180 AVENUE OF THE AMERICAS, 8TH FL NEW YORK, NY 10036 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $103K | $0 | $103K | 3.48% |
| CENTERSTONE INSURANCE AND FINANCIAL3 Filed as: CENTERSTONE INS & FIN SERV (NY) | 1133 WESTCHESTER AVE. SUITE 229 WHITE PLAINS, NY 10604 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $0 | $61K | $61K | 2.06% |
| FOUNDATION RISK PARTNERS CORP3 Filed as: FOUNDATION RISK PARTNERS CORP. | 4 NEW YORK PLAZA NEW YORK, NY 10004 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $15K | $0 | $15K | 0.50% |
| FOUNDATION RISK PARTNERS CORP3 Filed as: FOUNDATION RISK PARTNERS | 1180 AVENUE OF THE AMERICAS, 8TH FL NEW YORK, NY 10036 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $5K | $0 | $5K | 15.00% |
| FOUNDATION RISK PARTNERS CORP3 Filed as: FOUNDATION RISK PARTNERS | 1180 AVENUE OF THE AMERICAS, 8TH FL NEW YORK, NY 10036 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $4K | $0 | $4K | 15.00% |
| GARY WOOD ASSOCIATES, INC.3 | 1180 AVENUE OF THE AMERICAS, 8TH FL NEW YORK, NY 10036 | VISION SERVICE PLAN | $3K | $0 | $3K | 14.96% |
| FOUNDATION RISK PARTNERS CORP3 Filed as: FOUNDATION RISK PARTNERS | 1180 AVENUE OF THE AMERICAS, 8TH FL NEW YORK, NY 10036 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $236 | $0 | $236 | 15.01% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA BEHAVIORAL HEALTH, INC EIN 41-1648670 NONE | Contract Administrator; Direct payment from the plan; Claims processing; Participant communication Service code 12 | — | $4K |
| DISCOVERY BENEFITS NONE | Claims processing; Contract Administrator Service code 12 | 4321 20TH AVE. SW FARGO, ND 58103 | $3K |
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 | 236 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 8 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 245 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 183 | $3.0M |
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 183 | $3.0M |
| Vision(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 183 | $3.0M |
| Life insurance | CIGNA LIFE INSURANCE CO. OF NEW YORK | 197 | $30K |
| Long-term disability | CIGNA LIFE INSURANCE CO. OF NEW YORK | 222 | $36K |
| Other(2 contracts) | CIGNA LIFE INSURANCE CO. OF NEW YORK | 197 | $31K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 222 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.