| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LAWRENCE F. GARAFOLA Filed as: LAWRENCE F GARAFOLA | 643 OLD YORK RD NESHANIC STATION, NJ 08853 | EVEREST REINSURANCE COMPANY | — | — | $0 | 0.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| IDA SERVICES EIN 13-3155962 NONE | Claims processing Service code 12 | 159 RAMAPO VALLEY RD OAKLAND, NJ 07436 | $32K |
| MORGAN STANLEY FINANCIAL EIN 22-1003680 NONE | Custodial (securities) Service code 19 | 31 WEST 52ND ST NEW YORK, NY 10019 | $21K |
| DAVID GERSON AND ASSOCIATES EIN 22-3163246 NONE | Accounting (including auditing) Service code 10 | 201 WEST PASSAIC AVE ROCHELLE PARK, NJ 07662 | $19K |
| OPERATIVE PLASTERERS & CM LOCAL 29 EIN 22-1507478 PLAN SPONSOR | Contract Administrator Service code 13 | 130 CENTRAL AVE JERSEY CITY, NJ 07306 | $11K |
| ORANSKY SCARAGGI AND BORG EIN 22-3522685 NONE | Legal Service code 29 | 175 FAIRFIELD AVE WEST CALDWELL, NJ 07006 | $8K |
| WASILEWSKI AND KEATING EIN 22-2766761 NONE | Accounting (including auditing) Service code 10 | 117 SOUTH MAPLE AVE BASKING RIDGE, NJ 07920 | $6K |
| PUZO AND MORTENSON LLC EIN 80-0008508 NONE | Accounting (including auditing) Service code 10 | 505 BOULEVARD KENILWORTH, NJ 07033 | $5K |
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 | 105 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 105 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Stop-loss / reinsurancereinsurance | EVEREST REINSURANCE COMPANY | 228 | $260K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 228 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Filing reports zero broker compensation on a plan over 100 participants. Likely direct-write or unreported — worth a knock.