| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS, LLC | 4565 PAYSPHERE CIRCLE CHICAGO, IL 60674 | AETNA LIFE INSURANCE CO. | — | $63K | $63K | 0.22% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS LLC | ONE INVESTORS WAY NORWOOD, MA 02062 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $36K | $22K | $58K | 4.44% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS LLC | ONE INVESTORS WAY NORWOOD, MA 02062 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $18K | $11K | $29K | 3.45% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS LLC | ONE INVESTORS WAY NORWOOD, MA 02062 | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $12K | $4K | $17K | 18.05% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SEI TRUST INVEST MANAGER/TRUSTEE | Investment management; Investment management fees paid directly by plan; Trustee (bank, trust company, or similar financial institution); Custodial (securities); Trustee (directed) Service code 19 | 1 FREEDOM DRIVE OAKS, PA 19456 | $369K |
| AON PLC EIN 36-2235791 ACTUARY CONSULTING | Actuarial; Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 11 | — | $152K |
| BDO USA, P.C. EIN 13-5381590 AUDITOR | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $18K |
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 | 1,153 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 411 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 10 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 1,574 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE CO. | 3,785 | $28.6M |
| Dental | DELTA DENTAL OF NEW JERSEY, INC. | 1,685 | $1.0M |
| Vision | AETNA LIFE INSURANCE CO. | 3,785 | $28.6M |
| Life insurance | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 1,340 | $852K |
| Short-term disability(2 contracts) | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 1,340 | $2.2M |
| Long-term disability | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 1,340 | $852K |
| Prescription drug | AETNA LIFE INSURANCE CO. | 3,785 | $28.6M |
| Other(2 contracts) | GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 1,340 | $945K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,785 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.