| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $16K | $4K | $19K | 6.18% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $27K | $3K | $29K | 10.99% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $10K | $2K | $12K | 6.28% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $6K | $2K | $8K | 6.25% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | $513 | $3K | 6.04% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $4K | $313 | $4K | 16.23% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $919 | $54 | $973 | 5.29% |
| GRINSPEC OF NJ DBA CENTRIC BENEFITS3 Filed as: GRINSPEC OF NJ INC DBA CENTRIC BENE | 219 SOUTH STREET STE 102 NEW PROVIDENCE, NJ 07974 | NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK | $289 | $79 | $368 | 6.36% |
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 | 1,024 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 1,024 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance(4 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,024 | $437K |
| Short-term disability(3 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 693 | $370K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 1,027 | $190K |
| Other | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $399 |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,027 | — |
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.