| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SEEMAN HOLTZ PROPERTY & CASUALTY LL3 | 299 MARKET STREET, SUITE 145 SADDLE BROOK, NJ 07663 | THE HARTFORD LIFE INSURANCE COMPANY | $170 | — | $170 | 1.84% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES, INC. EIN 13-2831500 NONE | Direct payment from the plan; Plan Administrator Service code 14 | — | $38K |
| MANNING RUSSO, LLC EIN 06-1478265 NONE | Legal; Direct payment from the plan Service code 29 | — | $24K |
| MSPC, CPA'S AND ADVISORS, P.C. EIN 22-2951202 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $14K |
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 | 37 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 30 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 67 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY | 125 | $399K |
| Dental | AETNA LIFE INSURANCE COMPANY | 125 | $399K |
| Life insurance | THE HARTFORD LIFE INSURANCE COMPANY | 30 | $811 |
| Other(2 contracts) | THE HARTFORD LIFE INSURANCE COMPANY | 59 | $10K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 125 | — |
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."
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
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.