| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| QUANTUM FINANCIAL STRATEGIES3 Filed as: QUANTUM FINANCIAL STRATEGIES, INC. | MOUNT KISCO, NY 10549 | CIGNA | $77K | — | $77K | 3.51% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| RAYMOND AQUILINO EIN 13-5616752 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $87K |
| ARMAO LLP EIN 46-2754053 AUDITOR | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $44K |
| NANCY MARTINEZ EIN 13-5616752 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $42K |
| CIGNA HEALTH AND LIFE INSURANCE COM EIN 59-1031071 CLAIMS PROCESSOR | Direct payment from the plan; Non-monetary compensation; Contract Administrator; Participant communication; Other services; Float revenue; Claims processing Service code 12 | — | $18K |
| IE SHAFFER & CO CONSULTANTS | Consulting (general); Direct payment from the plan Service code 16 | 830 BEAR TAVERN ROAD WEST TRENTON, NJ 08628 | $18K |
| CYNOMYS, INC. ACTUARY | Direct payment from the plan; Actuarial Service code 11 | 17 HENMAR DRIVE CLOSTER, NJ 07624 | $18K |
| PITTA & GIBLIN LLP EIN 26-3852082 ATTORNEYS | Legal; Direct payment from the plan Service code 29 | 120 BROADWAY, 28TH FLOOR NEW YORK, NY 10271 | $18K |
| D.D.S. INC. EIN 11-2705347 THIRD PARTY ADMINISTRATOR | Claims processing; Direct payment from the plan Service code 12 | — | $14K |
| TAMARA SMATH, INC BOOKKEEPER | Accounting (including auditing); Direct payment from the plan Service code 10 | 53 ELVES LANE LEVITTOWN, NY 11756 | $8K |
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 | 290 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 290 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA | 514 | $2.2M |
| Prescription drug | CIGNA | 514 | $2.2M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 514 | — |
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."
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.