| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $26K | — | $26K | 5.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $13K | — | $13K | 5.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | GRINSPEC OF NJ INC DBA CE | $20K | $0 | $20K | 10.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $9K | — | $9K | 5.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 5.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $5K | — | $5K | 15.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $1K | $0 | $1K | 5.00% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | NEW YORK LIFE GROUP INSURANCE COMPANY OF NY | $400 | $0 | $400 | 4.99% |
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 | 1,406 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,406 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(4 contracts, 2 carriers) | GRINSPEC OF NJ INC DBA CE | 1,406 | $434K |
| Short-term disability(3 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,035 | $568K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,406 | $260K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,406 | — |
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.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.