| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | DELTA DENTAL OF NEW JERSEY, INC. | $148K | — | $148K | 4.89% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | SIERRA HEALTH AND LIFE | $38K | — | $38K | 1.71% |
| JAMES R NELLIGAN & ASSOCIATES LLC Filed as: JAMES R NELLIGAN AND ASSOCIATES | 2338 IMMOKALEE ROAD SUITE 240 NAPLES, FL 34110 | HARTFORD LIFE AND ACCIDENT | $72K | — | $72K | 8.52% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | HARTFORD LIFE AND ACCIDENT | $55K | — | $55K | 6.48% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | VISION SERVICE PLAN | $15K | — | $15K | 5.00% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | EVERNORTH BEHAVIORAL HEALTH | $0 | — | $0 | 0.00% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | ZURICH AMERICAN INSURANCE COMPANY | $10K | — | $10K | 20.00% |
| REUBEN WARNER ASSOCIATES, INC. Filed as: REUBEN WARNER ASSOCIATES | 1655 RICHMOND AVENUE STATEN ISLAND, NY 10301 | ZURICH AMERICAN INSURANCE COMPANY | $5K | — | $5K | 10.00% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | ZURICH AMERICAN INSURANCE COMPANY | $7K | — | $7K | 20.00% |
| BANKERS COOPERATIVE GROUP, INC.3 | 411 NORTH AVENUE EAST CRANFORD, NJ 07016 | FLAGSHIP HEALTH SYSTEMS | $199 | — | $199 | 6.29% |
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 | 7,979 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 423 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 8,402 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | SIERRA HEALTH AND LIFE | 423 | $2.2M |
| Dental(2 contracts, 2 carriers) | DELTA DENTAL OF NEW JERSEY, INC. | 3,140 | $3.0M |
| Vision | VISION SERVICE PLAN | 2,189 | $295K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 2,766 | $848K |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 2,766 | $848K |
| Other(4 contracts, 3 carriers) | HARTFORD LIFE AND ACCIDENT | 2,766 | $1.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,140 | — |
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.