| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GFI INSURANCE BROKERAGE3 Filed as: GFI INSURANCE BROKERAGE INC. | 140 BROADWAY, 41ST FL NEW YORK, NY 10004 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (CIGNA) | $103K | — | $103K | 4.26% |
| DONALD C SAVOY INC3 Filed as: DONALD C SAVOY INC. | 25B HANOVER RD, STE 220 FLORHAM PARK, NJ 079320000 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (CIGNA) | — | $53K | $53K | 2.19% |
| USI INSURANCE SERVICES LLC3 | 6TH FLOOR 261 MADISON AVE NEW YORK, NY 10016 | FIRST UNUM LIFE INSURANCE COMPANY | $15K | — | $15K | 15.75% |
| GFI INSURANCE3 Filed as: GFI INSURANCE SERVICES INC. | 140 BROADWAY FL 41 NEW YORK, NY 100051033 | VISION SERVICE PLAN | $1K | — | $1K | 5.25% |
| USI INSURANCE SERVICES LLC3 | 6TH FLOOR 261 MADISON AVE NEW YORK, NY 10016 | FIRST UNUM LIFE INSURANCE COMPANY | $3K | — | $3K | 15.86% |
| USI INSURANCE SERVICES LLC3 | 6TH FLOOR 261 MADISON AVE NEW YORK, NY 10016 | FIRST UNUM LIFE INSURANCE COMPANY | $2K | — | $2K | 31.83% |
No Schedule C service providers reported on this filing.
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 | 208 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 213 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (CIGNA) | 201 | $2.4M |
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES (CIGNA) | 201 | $2.4M |
| Vision | VISION SERVICE PLAN | 114 | $22K |
| Life insurance(2 contracts) | FIRST UNUM LIFE INSURANCE COMPANY | 216 | $113K |
| Short-term disability | FIRST UNUM LIFE INSURANCE COMPANY | 216 | $97K |
| Long-term disability | FIRST UNUM LIFE INSURANCE COMPANY | 216 | $97K |
| Other(3 contracts) | FIRST UNUM LIFE INSURANCE COMPANY | 216 | $119K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 216 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.