| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| COSTAL BENEFITS3 | 150 RIVER RD E3 MONTVILLE, NJ 07054 | HORIZON HEALTHCARE SERVICES INC | $31K | $0 | $31K | 4.98% |
| COASTAL BENEFITS3 Filed as: COASTAL FINANCIAL GROUP INC. | 150 RIVER ROAD MONTVILLE, NJ 07045 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $3K | $0 | $3K | 9.05% |
| INTERNL PLANNING ALL LLC3 | 300 BROADACRES DR STE 175 BLOOMFIELD, NJ 07003 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $59 | $0 | $59 | 0.18% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WELLPOWER, INC EIN 22-3530108 NONE | Claims processing Service code 12 | 150 RIVER ROAD MONTVILLE, NJ 07045 | $15K |
| COASTAL FINANCIAL GROUP, INC EIN 22-3211956 NONE | Insurance agents and brokers Service code 22 | 150 RIVER ROAD MONTVILLE, NJ 07045 | $3K |
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 | 76 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 76 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HORIZON HEALTHCARE SERVICES INC | 76 | $631K |
| Dental | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 39 | $33K |
| Vision | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 39 | $33K |
| Life insurance | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 39 | $33K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 76 | — |
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."
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.