| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL INS AGCY INC | 7 NEW ENGLAND EXECUTIVE PARK SUITE 220 BURLINGTON, MA 01803 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS INC | $48K | $5K | $53K | 1.69% |
| SYMMIT FINANCIAL INS AGCY INC3 | 7 NEW ENGLAND EXECUTIVE PARK SUITE 220 BURLINGTON, MA 01803 | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS INC | — | $680 | $680 | 0.02% |
| SUMMIT FINANCIAL INSURANCE AGENCY3 | 7 NEW ENGLAND EXECUTIVE PARK BURLINGTON, MA 01803 | DENTAL SERVICE OF MASSACHUSETTS, INC. D/B/A DELTAL DENTAL OF MA | $12K | — | $12K | 2.64% |
| SUMMIT FINANCIAL INSURANCE AGENCY3 | 7 NEW ENGLAND EXECUTIVE PARK SUITE 220 BURLINGTON, MA 01803 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $12K | $3K | $15K | 6.97% |
| NORIDIAN INSURANCE SERVICES INC3 Filed as: NORIDIAN | 4510 13TH AVENUE SOUTHWEST FARGO, ND 58121 | UNUM LIFE INSURANCE COMPANY OF AMERICA | — | $14K | $14K | 15.43% |
| SUMMIT FINANCIAL INSURANCE AGENCY3 | 7 NEW ENGLAND EXEC PARK SUITE 220 BURLINGTON, MA 01803 | VISION SERVICE PLAN | $2K | — | $2K | 3.65% |
| SUMMIT FINANCIAL INSURANCE AGENCY3 | 7 NEW ENGLAND EXECUTIVE PARK SUITE 220 BURLINGTON, MA 01803 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $7K | $328 | $7K | 15.75% |
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 | 449 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 14 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 81 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 544 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUE CROSS BLUE SHIELD OF MASSACHUSETTS INC | 387 | $3.2M |
| Dental | DENTAL SERVICE OF MASSACHUSETTS, INC. D/B/A DELTAL DENTAL OF MA | 981 | $437K |
| Vision | VISION SERVICE PLAN | 359 | $52K |
| Life insurance(2 contracts) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 1,301 | $304K |
| Short-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 480 | $213K |
| Long-term disability(2 contracts) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 1,301 | $304K |
| Other(3 contracts) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 1,301 | $348K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,301 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.