| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BUNKER HILL INSURANCE & CONSULTING3 | 136 MISSION WAY BARNEGAT, NJ 08005 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $6K | — | $6K | 7.99% |
| MARTIN INSURANCE GROUP3 | 259 PROSPECT PLAINS ROAD BLDG F SUITE 110 CRANBURY, NJ 08512 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $1K | $1K | 2.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WAGNER & ZWERMAN LLP EIN 11-2836481 ACCOUNTANT | Accounting (including auditing); Direct payment from the plan Service code 10 | 201 OLD COUNTRY ROAD SUITE 202 MELVILLE, NY 11747 | $18K |
| ORANSKY, SCARAGGI & BORG, P.C. EIN 22-3522685 LEGAL | Legal; Direct payment from the plan Service code 29 | 175 FAIRFIELD AVENUE SUITE 1A WEST CALDWELL, NJ 07006 | $12K |
| FABIAN & BYRN LLC EIN 25-1914887 FORMER ADMINISTRATOR | Investment management fees paid directly by plan; Custodial (securities) Service code 19 | 425 EAGLE ROCK AVENUE SUITE 105 ROSELAND, NJ 07068 | $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 | 172 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 172 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 181 | $69K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 181 | — |
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.