| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BLUE OCEAN BENEFITS & CONSULTING3 | 1971 STATE HWY 34 STE 202 WALL, NJ 07719 | STARMOUNT LIFE INSURANCE COMPANY | $7K | — | $7K | 9.08% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 Filed as: JAMES R NELLIGAN & ASSOCIATES | 1944 STATE ROUTE 35 STE 368 WALL, NJ 07719 | STARMOUNT LIFE INSURANCE COMPANY | $3K | $3K | $6K | 8.17% |
| BLUE OCEAN BENEFITS & CONSULTING3 | 1971 STATE HWY 34 STE 202 WALL, NJ 07719 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $3K | — | $3K | 11.20% |
| 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 | $1K | $0 | $1K | 9.36% |
| INTERNATIONAL PLANNING ALLIANCE3 | 710 ROUTE 46 EAST FAIRFIELD, NJ 07004 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $29 | — | $29 | 0.19% |
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 | 109 | 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) | 109 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(2 contracts, 2 carriers) | STARMOUNT LIFE INSURANCE COMPANY | 117 | $89K |
| Vision(2 contracts, 2 carriers) | STARMOUNT LIFE INSURANCE COMPANY | 117 | $89K |
| Life insurance | UNUM LIFE INSURANCE COMPANY OF AMERICA | 115 | $25K |
| Short-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 115 | $25K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 115 | $25K |
| Other | UNUM LIFE INSURANCE COMPANY OF AMERICA | 115 | $25K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 117 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.