| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MICHAEL C WALKER3 Filed as: MICHAEL JORDAN | — | EMPIRE HEALTHCHOICE ASSURANCE, INC. | $23K | — | $23K | 6.93% |
| LABOR FIRST LLC3 Filed as: LABOR-FIRST LLC | 3000 MIDATLANTIC DRIVE SUITE 101 MOUNT LAUREL, NJ 080541513 | HUMANA INSURANCE COMPANY OF NEW YORK | $6K | — | $6K | 4.68% |
| LABOR FIRST LLC3 Filed as: LABOR-FIRST LLC | 3000 MIDLANTIC DRIVE SUITE 101 MOUNT LAUREL, NJ 080541513 | HUMANA INSURANCE COMPANY | $5K | — | $5K | 4.55% |
| BODNER BENEFITS GROUP INC3 | 4 CYR CT NEW CITY, NY 10956 | ANTHEM LIFE & DISABILITY INSURANCE COMPANY (G0458) | $3K | — | $3K | 8.07% |
| FNA INSURANCE SERVICES INC3 Filed as: FNA INS SERVICES INC | 1000 WOODBURY ROAD SUITE 403 WOODBURY, NY 11797 | ANTHEM LIFE & DISABILITY INSURANCE COMPANY (G0458) | — | $2K | $2K | 6.10% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| EMPIRE HEALTHCHOICE ASSURANCE INC EIN 23-7391136 NONE | Other services; Direct payment from the plan; Contract Administrator; Claims processing; Float revenue; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 12 | — | $244K |
| R. BASULTO EIN 13-5520944 NONE | Direct payment from the plan; Employee (plan) Service code 30 | — | $140K |
| SCHULTHEIS & PANETTIERI, LLP EIN 13-1577780 AUDITOR | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $100K |
| P. KIERNAN EIN 13-5520944 NONE | Direct payment from the plan; Employee (plan) Service code 30 | — | $90K |
| S. D FREDA EIN 13-5520944 NONE | Direct payment from the plan; Employee (plan) Service code 30 | — | $90K |
| THE SEGAL CO (EASTERN STATES) INC EIN 13-1835864 NONE | Direct payment from the plan; Actuarial Service code 11 | — | $72K |
| COLLERAN, O'HARA & MILLS LLP EIN 11-2940050 LEGAL | Legal; Direct payment from the plan Service code 29 | — | $23K |
| GUARDIAN LIFE INSURANCE EIN 13-5123390 NONE | Direct payment from the plan; Claims processing Service code 12 | — | $19K |
| DECUSOFT, LLC EIN 84-5099151 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan Service code 15 | — | $12K |
| AMERICAN PORTFOLIOS FINANCIAL SVCS. EIN 11-3018002 INVESTMENT MGMT | Investment management fees paid directly by plan; Investment management Service code 28 | — | $9K |
| LABOR FIRST EIN 06-1750191 NONE | Insurance agents and brokers; Direct payment from the plan Service code 22 | — | $9K |
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 | 260 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 96 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 356 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HUMANA INSURANCE COMPANY OF NEW YORK | 37 | $225K |
| Life insurance | ANTHEM LIFE & DISABILITY INSURANCE COMPANY (G0458) | 336 | $33K |
| Stop-loss / reinsurancereinsurance | EMPIRE HEALTHCHOICE ASSURANCE, INC. | 279 | $334K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 336 | — |
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.