| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| QUANTUM FINANCIAL STRATEGIES3 | 118 N BEDFORD RD SUITE 100 MOUNT KISCO, NY 10549 | METROPOLITAN LIFE INSURANCE COMPANY | $7K | — | $7K | 9.53% |
| QUANTUM FINANCIAL STRATEGIES3 | 118 N BEDFORD RD SUITE 100 MOUNT KISCO, NY 10549 | AETNA LIFE INSURANCE COMPANY | $16K | — | $16K | 35.10% |
| QUANTUM FINANCIAL STRATEGIES3 | 118 N BEDFORD RD SUITE 100 MOUNT KISCO, NY 10549 | METROPOLITAN LIFE INSURANCE COMPANY | $1K | — | $1K | 9.03% |
| QUANTUM FINANCIAL STRATEGIES3 | 100 S BEDFORD RD STE 340 MT KISCO, NY 10549 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $2K | — | $2K | 18.23% |
| BORRELLI PARTNERS INSURANCE AGENCY3 | 287 BOWMAN AVENUE 4TH FLOOR PURCHASE, NY 10577 | SHELTERPOINT LIFE INSURANCE COMPANY | $47 | — | $47 | 18.01% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| RAYMOND AQUILINO EIN 13-5616752 TRUSTEE | Direct payment from the plan; Plan Administrator; Employee (plan) Service code 14 | 108-15 CROSS BAY BOULEVARD OZONE PARK, NY 11417 | $88K |
| SLEVIN & HART PC EIN 52-1708613 LEGAL SERVICES | Legal; Direct payment from the plan Service code 29 | 14 WALL STREET 20TH FLOOR NEW YORK, NY 10005 | $82K |
| ARMAO LLP EIN 46-2754053 AUDITOR | Direct payment from the plan; Accounting (including auditing) Service code 10 | 100 QUENTIN ROOSEVELT BLVD GARDEN CITY, NY 11530 | $50K |
| NANCY MARTINEZ EIN 13-5616752 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | 108-15 CROSS BAY BOULEVARD OZONE PARK, NY 11417 | $45K |
| CYNOMYS INC EIN 82-2668930 ACTUARY | Direct payment from the plan; Actuarial Service code 11 | 16170 POPPY SEED CIR UNIT 902 DELRAY BEACH, FL 33484 | $32K |
| D.D. SERVICES, INC EIN 11-2705347 DENTAL SERVICES ADMIN | Claims processing; Direct payment from the plan Service code 12 | 1640 HEMPSTEAD TPKE EAST MEADOW, NY 11554 | $19K |
| IE SHAFFER & CO EIN 22-1750854 THIRD PARTY ADMINISTRATOR | Consulting (general); Direct payment from the plan Service code 16 | 830 BEAR TAVERN RD WEST TRENTON, NJ 08628 | $18K |
| KMR SYSTEMS CORPORATION COMPUTER CONSULTANT | Direct payment from the plan; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | 6800 JERICHO TURNPIKE SUITE 120W SYOSSET, NY 11791 | $16K |
| WAGNER & ZWERMAN LLP EIN 11-2836481 ACCOUNTANT | Direct payment from the plan; Accounting (including auditing) Service code 10 | 201 OLD COUNTRY ROAD SUITE 202 MELVILLE, NY 11747 | $15K |
| TAMARA SMATH INC BOOKKEEPER | Accounting (including auditing); Direct payment from the plan Service code 10 | 425 N BROADWAY 367 JERICHO, NY 11753 | $10K |
| CVS PHARMACY, INC EIN 05-0340626 CLAIMS PROCESSOR | Claims processing; Direct payment from the plan Service code 12 | — | $7K |
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 | 273 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 273 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts) | METROPOLITAN LIFE INSURANCE COMPANY | 835 | $93K |
| Life insurance | CIGNA LIFE INSURANCE CO. OF NEW YORK | 274 | $11K |
| Other(2 contracts, 2 carriers) | CIGNA LIFE INSURANCE CO. OF NEW YORK | 274 | $1K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 835 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.