| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MG BENEFITS CONSULTING GROUP LLC3 | 8 FRONT ST UNIT 728 CROTON FALLS, NY 10519 | THE STANDARD LIFE INSURANCE COMPANY OF NEW YORK | $3K | — | $3K | 6.25% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| IOA RE, LLC NONE | Insurance services Service code 23 | 190 WEST GERMANTOWN PIKE 800-462-2300 EAST NORRITON, PA 19401 | $412K |
| AETNA LIFE INSURANCE COMPANY EIN 06-6033492 NONE | Contract Administrator Service code 13 | 151 FARMINGTON AVENUE HARTFORD, CT 06156 | $184K |
| RBT CPAS, LLP EIN 14-1604297 NONE | Accounting (including auditing) Service code 10 | 11 RACQUET ROAD NEWBURGH, NY 12550 | $62K |
| ZENITH AMERICAN SOLUTIONS NONE | Plan Administrator Service code 14 | 302 KNIGHTS RUN AVE TAMPA, FL 33602 | $43K |
| THE STANDARD LIFE INSURANCE COMPANY EIN 13-4119477 NONE | Insurance services Service code 23 | 360 HAMILTON AVENUE 210 WHITE PLAINS, NY 10601 | $43K |
| FIDELITY INSURANCE NONE | Insurance services Service code 23 | 405 LEXINGTON AVE STE 801 NEW YORK, NY 10174 | $40K |
| SUMMIT ACTUARIAL SERVICES NONE | Actuarial Service code 11 | 11 RACQUET ROAD NEWBURGH, NY 12550 | $31K |
| SPECTRUM PENSION AND COMPENSATION EIN 14-1764716 NONE | Consulting (pension) Service code 17 | 11 RACQUET ROAD NEWBURGH, NY 12550 | $21K |
| CHRISTOPHER J. CERONE NONE | Employee (plan) Service code 30 | 44 BINGHAM ROAD MARLBORO, NY 12542 | $21K |
| LISA ARGENIO NONE | Employee (plan) Service code 30 | 34 SESAME ST ROCK TAVERN, NY 12575 | $19K |
| NXG INSURANCE NONE | Insurance services Service code 23 | 159 GREEN STREET, STE 1 KINGSTON, NY 12401 | $16K |
| COMPUDAT SERVICES INC NONE | Other fees Service code 99 | 259 MAIN ST NEW PALTZ, NY 12561 | $15K |
| LOWER HUDSON VALLEY EAP NONE | Other services Service code 49 | 3505 HILL BLVD - SUITE A 914-245-6300 YORKTOWN HEIGHTS, NY 10598 | $10K |
| MARQUETTE ASSOCIATES, INC. NONE | Consulting fees Service code 70 | 180 NORTH LASALLE STREET CHICAGO, IL 60601 | $8K |
| ROBERT M. CHEVERIE & ASSOCIATES, PC NONE | Legal Service code 29 | 333 EAST RIVER DR STE 101 EAST HARTFORD, CT 06108 | $7K |
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 | 615 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 60 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 675 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | THE STANDARD LIFE INSURANCE COMPANY OF NEW YORK | 620 | $45K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 620 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.