| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MMG AGENCY INC. Filed as: MMG AGENCY | 32 BROADWAY, SUITE 1818 NEW YORK, NY 10004 | THE GUARDIAN LIFE INSURANCE CO OF AMERICA | $5K | — | $5K | 4.50% |
| MMG AGENCY INC.3 Filed as: MMG AGENCY | 32 BROADWAY, SUITE 1818 NEW YORK, NY 10004 | ARCH INSURANCE | $3K | — | $3K | 4.50% |
| WINSTON FINANCIAL SERVICES3 | 2399 HWY 34 SOUTH, UNIT C2 MANASQUAN, NJ 08736 | UNION SECURITY LIFE INSURANCE CO OF NEW YORK | $4K | — | $4K | 10.24% |
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 | 846 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 69 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 915 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts, 3 carriers) | EMPIRE HEALTHCHOICE ASSURANCE,INC. | 846 | $10.8M |
| Short-term disability(2 contracts, 2 carriers) | THE GUARDIAN LIFE INSURANCE CO OF AMERICA | 664 | $185K |
| Long-term disability | UNION SECURITY LIFE INSURANCE CO OF NEW YORK | 50 | $35K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 846 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Broker comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.