| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| AMERICAN BENEFITS AND COMPENSATION3 Filed as: AMERICAN BENEFITS & COMPENSATION SY | 101 PARK AVE 14TH FLOOR NEW YORK, NY 10178 | METLIFE LEGAL PLANS | $31K | $0 | $31K | 9.39% |
| AMERICAN BENEFITS AND COMPENSATION3 Filed as: AMERICAN BENEFITS & COMPENSATION SY | 101 PARK AVENUE 14TH FLOOR NEW YORK, NY 10178 | METLIFE LEGAL PLANS | $0 | $6K | $6K | 1.93% |
| AMERICAN BENEFITS AND COMPENSATION3 Filed as: AMERICAN BENEFITS & COMPENSATION SY | 101 PARK AVE 14TH FLOOR NEW YORK, NV 10178 | METLIFE LEGAL PLANS | $0 | $68 | $68 | 0.02% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| METROPOLITAN LIFE INSURANCE COMPANY EIN 13-5581829 NONE | Claims processing; Contract Administrator Service code 12 | — | $787K |
| SEDGWICK CMS EIN 36-2685608 NONE | Contract Administrator; Claims processing Service code 12 | — | $776K |
| ALIGHT HOLDING COMPANY, LLC EIN 82-1061233 NONE | Claims processing; Contract Administrator Service code 12 | — | $472K |
| WAGEWORKS EIN 20-0198855 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $73K |
| HEXAWARE TECHNOLOGIES, INC. EIN 22-3301374 NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $57K |
| VELOCITY EIN 04-3724111 NONE | Participant communication Service code 38 | — | $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 | 59,365 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 82,557 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 141,922 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | ACE AMERICAN INSURANCE COMPANY | 39 | $218 |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 141,589 | $154.0M |
| Other(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 141,589 | $154.3M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 141,589 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.