| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NJ GROUP SERVICE LLC3 | 22 MERIDIAN ROAD UNIT 16 EDISON, NJ 08820 | UNITED HEALTHCARE INSURANCE COMPANY | $96K | $2K | $99K | 9.19% |
| NJ GROUP SERVICES1 | 22 MERIDIAN ROAD UNIT 16 EDISON, NJ 08820 | EQUITABLE FINANCIAL LIFE INSURANC CO OF AMERICA | $866 | — | $866 | 13.81% |
| JAMES R NELLIGAN & ASSOCS LLC3 Filed as: JAMES R NELLIGAN ASSOCIALTES LLC | CSJ ALBANY, NY 12204 | EQUITABLE FINANCIAL LIFE INSURANC CO OF AMERICA | — | $314 | $314 | 5.01% |
| HORIZON INSURANCE COMPANY3 | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USA LIFE | $237 | $237 | $474 | 43.97% |
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 | 126 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 126 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITED HEALTHCARE INSURANCE COMPANY | 126 | $1.1M |
| Dental | UNITED HEALTHCARE INSURANCE COMPANY | 126 | $1.1M |
| Vision | UNITED HEALTHCARE INSURANCE COMPANY | 126 | $1.1M |
| Life insurance(2 contracts, 2 carriers) | EQUITABLE FINANCIAL LIFE INSURANC CO OF AMERICA | 122 | $7K |
| Prescription drug | UNITED HEALTHCARE INSURANCE COMPANY | 126 | $1.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 126 | — |
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.