| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SAVOY ASSOCIATES3 | 25B HANOVER ROAD FLORHAM PARK, NJ 07932 | HORIZON HEALTHCARE SERVICES, INC. | $90K | — | $90K | 5.88% |
| SAVOY ASSOCIATES3 | 25B HANOVER ROAD FLORHAM PARK, NJ 07932 | HORIZON HEALTHCARE SERVICES, INC. | $21K | — | $21K | 5.93% |
| PREFERRED BENEFITS GROUP3 Filed as: PREFERRED BENEFITS GROUP INC | 80 EAST STATE ROUTE 4 SUITE 245 PARAMUS, NJ 07652 | PRINCIPAL LIFE INSURANCE COMPANY | $8K | — | $8K | 5.95% |
| PLATINUM PLANNING INC3 | 718 RIVER ROAD FAIR HAVEN, NJ 07704 | PRINCIPAL LIFE INSURANCE COMPANY | $4K | $1K | $5K | 3.98% |
| GARY LYNN JOHNSON3 | 3850 EAST BASELINE ROAD SUITE 121 MESA, AZ 85206 | PRINCIPAL LIFE INSURANCE COMPANY | — | $3K | $3K | 2.01% |
| SAVOY ASSOCIATES3 | 25B HANOVER ROAD FLORHAM PARK, NJ 07932 | HORIZON HEALTHCARE SERVICES, INC. | $5K | — | $5K | 3.69% |
| DAVID GOLDBERG3 Filed as: DAVID KONIKOW | 354 EISENHOWER PARKWAY SUITE 2900 LIVINGSTON, NJ 07039 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $7K | — | $7K | 9.96% |
| NEW JERSEY LIFE & CASUALTY ASS3 Filed as: NEW JERSEY LIFE & CASUALTY ASSOCIAT | 354 EISENHOWER PARKWAY SUITE 2900 LIVINGSTON, NJ 07039 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $7K | — | $7K | 9.96% |
| SAVOY ASSOCIATES3 | 25B HANOVER ROAD FLORHAM PARK, NJ 07932 | HORIZON INSURANCE COMPANY | $1K | — | $1K | 9.97% |
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 | 121 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 122 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HORIZON HEALTHCARE SERVICES, INC. | 99 | $1.5M |
| Dental | HORIZON HEALTHCARE SERVICES, INC. | 106 | $136K |
| Vision | HORIZON INSURANCE COMPANY | 106 | $12K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 126 | $138K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 126 | $138K |
| Prescription drug | HORIZON HEALTHCARE SERVICES, INC. | 99 | $353K |
| Other(2 contracts, 2 carriers) | PRINCIPAL LIFE INSURANCE COMPANY | 126 | $205K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 126 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.