| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| COASTAL BENEFITS3 Filed as: COASTAL FINANCIAL GROUP INC | 150 RIVER ROAD SUITE E3 MONTVILLE, NJ 07045 | USABLE LIFE | $2K | — | $2K | 11.35% |
| HORIZON INSURANCE COMPANY3 | 3 PENN PLAZ EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $1K | $1K | 6.35% |
| ALTOMARE FINANCIAL GROUP, INC.3 Filed as: ALTOMARE FINANCIAL GROUP | 1680 ROUTE 23 NORTH WAYNE, NJ 07470 | USABLE LIFE | $370 | $741 | $1K | 6.00% |
| COASTAL BENEFITS3 Filed as: COASTAL FINANCIAL GROUP INC | 150 RIVER ROAD SUITE E3 MONTVILLE, NJ 07045 | USABLE LIFE | $1K | — | $1K | 15.00% |
| HORIZON INSURANCE COMPANY3 | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $713 | $713 | 8.00% |
| ALTOMARE FINANCIAL GROUP, INC.3 Filed as: ALTOMARE FINANCIAL GROUP INC | 1680 ROUTE 23 NORTH WAYNE, NJ 07470 | USABLE LIFE | $178 | $405 | $583 | 6.54% |
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 | 101 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 101 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | USABLE LIFE | 101 | $19K |
| Short-term disability | USABLE LIFE | 101 | $19K |
| Long-term disability | USABLE LIFE | 25 | $9K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 101 | — |
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.