| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROFESSIONAL GROUP PLANS INC3 | 225 WIRELESS BOULEVARD # 308 HAUPPAUGE, NY 11788 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | — | $4K | $4K | 7.91% |
| STEVEN NOVICK3 | 366 AVENUE T BROOKLYN, NY 11223 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | $4K | — | $4K | 7.50% |
| RICKY R NOVICK3 | 2 PENN PLAZA 6 FLOOR NEW YORK, NY 10121 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | $1K | — | $1K | 2.50% |
| PROFESSIONAL GROUP PLANS INC3 | 225 WIRELESS BOULEVARD # 308 HAUPPAUGE, NY 11788 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | — | $3K | $3K | 7.90% |
| STEVEN NOVICK3 Filed as: STEVEN N0VICK | 366 AVENUE T BROOKLYN, NY 11223 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | $2K | — | $2K | 7.50% |
| RICKY R NOVICK3 Filed as: RICKY R N0VICK | 2 PENN PLAZA 6 FLOOR NEW YORK, NY 10121 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | $800 | — | $800 | 2.50% |
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 | 175 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 1 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 177 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | 177 | $55K |
| Long-term disability | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | 177 | $32K |
| Other | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | 177 | $55K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 177 | — |
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.