| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MVP BENEFIT GROUP INCORPORATED5 Filed as: MVP BENEFIT GROUP | 625 STATE STREET SCHENECTADY, NY 12305 | HCC LIFE INSURANCE COMPANY | $25K | — | $25K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MVP SELECT CARE EIN 14-1704397 NONE | Claims processing Service code 12 | — | $169K |
| DOMINIC GERACE EIN 14-1424790 EMPLOYEE | Employee (plan) Service code 30 | — | $48K |
| JAMES E. LONG, ESQ EIN 10-3421762 NONE | Legal Service code 29 | — | $45K |
| MORGAN STANLEY SMITH BARNEY LLC EIN 26-4310632 NONE | Investment management; Custodial (securities) Service code 19 | — | $42K |
| IRIS E. SWEENEY EIN 14-1424790 EMPLOYEE | Employee (plan) Service code 30 | — | $34K |
| TEAL, BECKER & CHIARAMONTE, CPA'S EIN 14-1624930 NONE | Accounting (including auditing) Service code 10 | — | $32K |
| SUMMIT ACTUARIAL SERVICES, LLC EIN 77-0645890 NONE | Actuarial Service code 11 | — | $31K |
| EXPRESS SCRIPTS, INC EIN 22-3461740 NONE | Claims processing Service code 12 | — | $10K |
| ATALANTA SOSNOFF - LARGE CAP CORE EIN 36-6071399 NONE | Other investment fees and expenses; Direct payment from the plan; Investment advisory (plan) Service code 27 | — | $7K |
| JOSEPH MCCARTHY & ASSOCIATES EIN 16-1120588 NONE | Other services Service code 49 | — | $5K |
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 | 413 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 413 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | AMALGAMATED LIFE INSURANCE COMPANY | 533 | $63K |
| Stop-loss / reinsurancereinsurance | HCC LIFE INSURANCE COMPANY | 405 | $168K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 533 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.