| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | DELTA DENTAL OF NJ, INC. | $0 | $75K | $75K | 2.12% |
| GARY SCHEER3 | 65 MADISON AVENUE SUITE 540 MORRISTOWN, NJ 07960 | DELTA DENTAL OF NJ, INC. | $0 | $3K | $3K | 0.08% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | $148K | $0 | $148K | 12.42% |
| PAUL T VECCHIONE3 | 6 MATTHEWS FARM ROAD BELLE MEAD, NJ 08502 | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | $160 | $0 | $160 | 0.01% |
| ONOFRIO R CIRIANNI3 | 750 ROUTE 202 SOUTH SUITE 540 BRIDGEWATER, NJ 08502 | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | $160 | — | $160 | 0.01% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | VISION SERVICE PLAN | — | $28K | $28K | 6.18% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | UNITED HEALTHCARE INSURANCE COMPANY | $22K | $0 | $22K | 27.20% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | CIGNA BEHAVIORAL HEALTH, INC. | — | $19K | $19K | 28.52% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | ZURICH AMERICAN INSURANCE COMPANY | $8K | $0 | $8K | 20.00% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | FLAGSHIP HEALTH SYSTEMS | $944 | $716 | $2K | 5.33% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | ZURICH AMERICAN INSURANCE COMPANY | $6K | $0 | $6K | 19.93% |
| BANKERS COOPERATIVE GROUP, INC. | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | UNITEDHEALTHCARE INSURANCE COMPANY | $740 | $0 | $740 | 5.33% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BANKERS COOPERATIVE GROUP, INC. EIN 22-2412247 AFFILIATED COMPANY | Custodial (securities); Contract Administrator Service code 13 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | $313K |
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 | 8,775 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 328 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 9,103 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | UNITED HEALTHCARE INSURANCE COMPANY | 234 | $79K |
| Dental(2 contracts, 2 carriers) | DELTA DENTAL OF NJ, INC. | 3,661 | $3.6M |
| Vision(2 contracts, 2 carriers) | VISION SERVICE PLAN | 4,060 | $461K |
| Life insurance | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | 3,535 | $1.2M |
| Long-term disability | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | 3,535 | $1.2M |
| Other(4 contracts, 3 carriers) | AETNA LIFE INSURANCE COMPANY AND AFFILIATES | 7,765 | $1.3M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 7,765 | — |
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.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.