| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENE RE LLC3 Filed as: BENE-CEPT CONSULTANTS | 10 DRS.JAMES PARKER BLVD. SUITE 101-201 RED BANK, NJ 07701 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $4K | $4K | $8K | 9.29% |
| INTERNATIONAL PLANNING ALLIANCE3 | 710 ROUTE 46 EAST SUITE 401 FAIRFIELD, NJ 07004 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $81 | — | $81 | 0.09% |
| BLUE OCEAN BENEFITS & CONSULTING3 | 1971 STATE HWY 34 STE 202 WALL, NJ 07719 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $3K | — | $3K | 12.12% |
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 | 114 | 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) | 114 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 113 | $86K |
| Vision | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 113 | $86K |
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 114 | $24K |
| Short-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 114 | $24K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 114 | $24K |
| Other | UNUM LIFE INSURANCE COMPANY OF AMERICA | 114 | $24K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 114 | — |
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.