| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| COMMERCIAL COVERAGE INC3 | PO BOX 5060 220 CHURCH AVE BALLSTON SPA, NY 12866 | FIRST UNUM LIFE INSURANCE COMPANY | $127K | — | $127K | 6.00% |
| STOP LOSS INSURANCE SERVICES, INC.3 | 100 FRONT STREET, SUITE 610 WORCESTER, MA 01608 | HCC LIFE INSURANCE COMPANY | $5K | $0 | $5K | 7.94% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| EMPIRE HEALTHCHOICE ASSURANCE, INC. EIN 23-7391136 CLAIMS ADMINISTRATOR | Recordkeeping and information management (computing, tabulating, data processing, etc.); Other services; Claims processing; Contract Administrator; Float revenue Service code 12 | — | $330K |
| LCG ASSOCIATES, INC. EIN 75-1680350 THIRD-PARTY PROVIDER | Consulting (pension) Service code 17 | — | $28K |
| STATE STREET BANK AND TRUST COMPANY EIN 04-1867445 TRUSTEE | Trustee (directed) Service code 25 | — | $21K |
| CARON & BLETZER, PLLC EIN 04-3499945 AUDITOR | Accounting (including auditing) Service code 10 | — | $18K |
| MERCER EIN 13-2834414 ACTUARY | Actuarial Service code 11 | — | $10K |
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 | 0 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1,162 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,162 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | FIRST UNUM LIFE INSURANCE COMPANY | 727 | $2.1M |
| Long-term disability | FIRST UNUM LIFE INSURANCE COMPANY | 727 | $2.1M |
| Stop-loss / reinsurancereinsurance | HCC LIFE INSURANCE COMPANY | 125 | $60K |
| Other | FIRST UNUM LIFE INSURANCE COMPANY | 727 | $2.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 727 | — |
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 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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.