| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MVP BENEFIT GROUP INCORPORATED5 Filed as: MVP HEALTH CARE | 333 W WASHINGTON STREET SCHENECTADY, NY 13202 | UNION LABOR LIFE INSURANCE CO. | $26K | — | $26K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MVP SELECT CARE EIN 14-1704397 NONE | Claims processing Service code 12 | — | $141K |
| DOMINIC GERACE EIN 14-1424790 EMPLOYEE | Employee (plan) Service code 30 | — | $52K |
| JAMES E. LONG, ESQ EIN 10-3421762 NONE | Legal Service code 29 | — | $50K |
| TEAL, BECKER & CHIARAMONTE, CPA'S EIN 14-1624930 NONE | Accounting (including auditing) Service code 10 | — | $36K |
| IRIS E. SWEENEY EIN 14-1424790 EMPLOYEE | Employee (plan) Service code 30 | — | $35K |
| SUMMIT ACTUARIAL SERVICES, LLC EIN 77-0645890 NONE | Actuarial Service code 11 | — | $33K |
| MORGAN STANLEY SMITH BARNEY LLC EIN 26-4310632 NONE | Investment management; Custodial (securities) Service code 19 | — | $31K |
| EXPRESS SCRIPTS, INC EIN 22-3461740 NONE | Claims processing Service code 12 | — | $13K |
| ATALANTA SOSNOFF - LARGE CAP CORE EIN 36-6071399 NONE | Investment advisory (plan); Direct payment from the plan; Other investment fees and expenses Service code 27 | — | $6K |
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 | 369 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 369 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | MVP SELECT CARE | 38 | $164K |
| Life insurance | AMALGAMATED LIFE INSURANCE COMPANY | 526 | $59K |
| Stop-loss / reinsurancereinsurance | UNION LABOR LIFE INSURANCE CO. | 362 | $174K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 526 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.