| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MVP BENEFIT GROUP INCORPORATED5 Filed as: MVP HEALTH CARE | 625 STATE STREET SCHENECTADY, NY 12305 | UNION LABOR LIFE INSURANCE CO. | $26K | — | $26K | 12.55% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MVP SELECT CARE EIN 14-1704397 NONE | Claims processing Service code 12 | — | $150K |
| DOMINIC GERACE EIN 14-1424790 EMPLOYEE | Employee (plan) Service code 30 | — | $51K |
| JAMES E. LONG, ESQ EIN 10-3421762 NONE | Legal Service code 29 | — | $49K |
| TEAL, BECKER & CHIARAMONTE, CPA'S EIN 14-1624930 NONE | Accounting (including auditing) Service code 10 | — | $48K |
| MORGAN STANLEY SMITH BARNEY LLC EIN 26-4310632 NONE | Investment management; Custodial (securities) Service code 19 | — | $37K |
| SUMMIT ACTUARIAL SERVICES, LLC EIN 77-0645890 NONE | Actuarial Service code 11 | — | $34K |
| EXPRESS SCRIPTS, INC EIN 22-3461740 NONE | Claims processing Service code 12 | — | $15K |
| ATALANTA SOSNOFF - LARGE CAP CORE EIN 36-6071399 NONE | Direct payment from the plan; Other investment fees and expenses; Investment advisory (plan) Service code 27 | — | $8K |
| JOSEPH MCCARTHY & ASSOCIATES EIN 16-1120588 NONE | Other services Service code 49 | — | $6K |
| BOYD WATTERSON ULTRA ENHANCED CORE EIN 34-1922005 NONE | Investment management; Investment management fees paid directly by plan; Other investment fees and expenses Service code 28 | — | $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 | 489 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 489 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | MVP HEALTH CARE | 33 | $134K |
| Life insurance | AMALGAMATED LIFE INSURANCE COMPANY | 476 | $57K |
| Stop-loss / reinsurancereinsurance | UNION LABOR LIFE INSURANCE CO. | 434 | $206K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 476 | — |
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.