| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FRENKEL BENEFITS LLC3 | 350 HUDSON STREET 4TH FLOOR NEW YORK, NY 10014 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $3K | $909 | $4K | 7.66% |
| FRENKEL BENEFITS LLC3 | 350 HUDSON ST. 4TH FLOOR NEW YORK, NY 10014 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $3K | $498 | $3K | 11.67% |
| FRENKEL BENEFITS LLC3 | 350 HUDSON ST. 4TH FL NEW YORK, NY 10014 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $4K | $483 | $5K | 16.74% |
| FRENKEL BENEFITS LLC3 | 350 HUDSON ST 4TH FLOOR NEW YORK, NY 10014 | CIGNA LIFE INSURANCE CO. OF NEW YORK | $142 | $16 | $158 | 16.70% |
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 | 476 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 476 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | CIGNA LIFE INSURANCE CO. OF NEW YORK | 383 | $57K |
| Short-term disability | CIGNA LIFE INSURANCE CO. OF NEW YORK | 476 | $30K |
| Long-term disability | CIGNA LIFE INSURANCE CO. OF NEW YORK | 361 | $28K |
| Other | CIGNA LIFE INSURANCE CO. OF NEW YORK | 395 | $946 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 476 | — |
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.