| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 12110 | METROPOLITAN LIFE INSURANCE COMPANY | — | $2.0M | $2.0M | 7.61% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFIT ADMIN LLC | 12421 MEREDITH DRIVE URBANDALE, IA 50398 | METROPOLITAN LIFE INSURANCE COMPANY | $1.5M | — | $1.5M | 5.70% |
| AON CONSULTING INC4 Filed as: AON RISK SOLUTIONS | 897 12TH ST HAMMONTON, NJ 08037 | TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY | $725K | $400K | $1.1M | 8.45% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 08037 | TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY | — | $100K | $100K | 0.75% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY-SCHENECTADY RD LATHAM, NY 12110 | METROPOLITAN LIFE INSURANCE COMPANY | — | $290K | $290K | 2.40% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 12110 | DELTA DENTAL OF NEW YORK | $234K | — | $234K | 2.23% |
| RIDGEMONT INC.4 | 48 RIDGEMONT DR HOPEWELL JUNCTION, NY 12533 | DELTA DENTAL OF NEW YORK | $5K | — | $5K | 0.05% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFIT ADMIN LLC | 12421 MEREDITH DRIVE URBANDALE, IA 50398 | METROPOLITAN LIFE INSURANCE COMPANY | $281K | — | $281K | 10.49% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY ROAD LATHAM, NY 12110 | METROPOLITAN LIFE INSURANCE COMPANY | — | $134K | $134K | 4.98% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 121102424 | FIRST UNUM LIFE INSURANCE COMPANY | — | $92K | $92K | 5.14% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 12110 | METROPOLITAN LIFE INSURANCE COMPANY | — | $119K | $119K | 7.61% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFIT ADMIN LLC | 12421 MEREDITH DRIVE URBANDALE, IA 50398 | METROPOLITAN LIFE INSURANCE COMPANY | $89K | — | $89K | 5.70% |
| NYSUT MEMBER BENEFITS TRUST2 | 800 TROY SCHENECTADY RD LATHAM, NY 121102424 | FIRST UNUM LIFE INSURANCE COMPANY | — | $78K | $78K | 5.03% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| NYSUT EIN 14-1584772 EMP ORGANIZATION | Other services; Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan Service code 15 | — | $5.8M |
| BENCHEMARK PRINTING INC EIN 14-1667467 | Direct payment from the plan; Copying and duplicating; Participant communication Service code 36 | — | $410K |
| PJ GREEN INC EIN 16-0983758 | Other services; Participant communication; Direct payment from the plan Service code 38 | — | $293K |
| STACEY BRAUN ASSOCIATES, INC EIN 13-2889431 | Investment advisory (plan); Direct payment from the plan; Soft dollars commissions Service code 27 | — | $180K |
| DAVIS VISION EIN 11-3051991 | Direct payment from the plan; Claims processing Service code 12 | — | $171K |
| NYSUT MEMBER BENEFITS CORPORATION EIN 26-3989358 WHOLLY OWNED SUBSIDIARY | Direct payment from the plan; Other services Service code 49 | — | $168K |
| SEGAL CONSULTING EIN 13-1835864 | Consulting (general); Direct payment from the plan; Consulting fees Service code 16 | — | $57K |
| BUCHBINDER TUNICK & CO. LLP EIN 13-1578842 | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $47K |
| WELLINGTON TRUST COMPANY EIN 04-2755549 | Investment management; Direct payment from the plan; Investment management fees paid directly by plan Service code 28 | — | $45K |
| BLITMAN & KING LLP EIN 16-1047304 | Direct payment from the plan; Legal Service code 29 | — | $27K |
| CITY OF NEW YORK CONTRIBUTING EMPLOYER | Direct payment from the plan; Other services Service code 49 | 450 WEST 33 ST, 4TH FLOOR NEW YORK, NY 10001 | $24K |
| HERBERT L JAMISON & CO, LLC EIN 13-1684892 | Insurance brokerage commissions and fees; Insurance agents and brokers Service code 22 | — | $23K |
| MEYER, SUOZZI, ENGLISH & KLEIN, PC EIN 11-2340639 | Legal; Direct payment from the plan Service code 29 | — | $21K |
| LYNETTE METZ | Consulting fees; Direct payment from the plan; Consulting (general) Service code 16 | 1258 STATE RT 147 AMSTERDAM, NY 12010 | $18K |
| SEGAL SELECT INSURANCE SERVICES EIN 46-0619194 | Insurance brokerage commissions and fees; Insurance agents and brokers Service code 22 | — | $15K |
| RUTH & CO. EIN 83-3268699 | Direct payment from the plan; Consulting fees; Consulting (general) Service code 16 | — | $14K |
| MILLIMAN, INC. EIN 91-0675641 | Consulting fees; Direct payment from the plan; Consulting (general) Service code 16 | — | $13K |
| TRANSFIRST EIN 32-0029227 | Direct payment from the plan; Investment management fees paid indirectly by plan; Other fees Service code 50 | — | $8K |
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 | 111,393 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 72,110 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 183,503 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(2 contracts, 2 carriers) | DELTA DENTAL OF NEW YORK | 21,478 | $15.1M |
| Vision | HM LIFE INSURANCE COMPANY | 2,166 | $368K |
| Life insurance(4 contracts, 3 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 98,837 | $43.4M |
| Short-term disability | FIRST UNUM LIFE INSURANCE COMPANY | 7,944 | $1.5M |
| Long-term disability(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 7,944 | $4.2M |
| Other(2 contracts, 2 carriers) | METROPOLITAN LIFE INSURANCE COMPANY | 63,437 | $13.9M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 98,837 | — |
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.