| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: CRISP AN ALERA GROUP INS AGENCY LLC | 1250 ROUTE 28 SUITE 201 SOMERVILLE, NJ 08876 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $82K | $82K | 5.95% |
| SAVOY ASSOCIATES3 Filed as: DONALD SAVOY INC | 25B HANOVER ROAD SUITE 220 FLORHAM PARK, NJ 07932 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $27K | $27K | 1.98% |
| FIRM BENEFITS, INC.3 Filed as: FIRM BENEFITS | 1 LETHBRIDGE PLAZA MAHWAH, NJ 07430 | HORIZON HEALTHCARE SERVICES, INC. | $11K | — | $11K | 4.89% |
| FIRM BENEFITS, INC.3 Filed as: FIRM BENEFITS INC | 1 LETHBRIDGE PLAZA MAHWAH, NJ 07430 | USABLE LIFE | $9K | — | $9K | 12.69% |
| HORIZON INSURANCE COMPANY3 | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $6K | $6K | 8.81% |
| FIRM BENEFITS, INC.3 Filed as: FIRM BENEFITS INC. | ONE LETHERIDGE PLAZA, SUITE 30 MAHWAH, NJ 07430 | DELTA DENTAL OF NEW JERSEY, INC. | $766 | — | $766 | 4.67% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 N/A | Contract Administrator Service code 13 | — | $83K |
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 | 153 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 153 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 153 | $1.6M |
| Dental | DELTA DENTAL OF NEW JERSEY, INC. | 0 | $16K |
| Vision | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 153 | $1.4M |
| Life insurance | USABLE LIFE | 143 | $68K |
| Long-term disability | USABLE LIFE | 143 | $68K |
| Prescription drug | HORIZON HEALTHCARE SERVICES, INC. | 0 | $225K |
| Other | USABLE LIFE | 143 | $68K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 153 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.