| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE RICHARDS GROUP3 Filed as: RICHARDS, INC. | 40 HARRIS PLACE BRATTLEBORO, VT 05302 | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | $20K | $0 | $20K | 8.07% |
| BULFINCH GROUP INSURANCE AGENCY3 | UNKNOWN RUTLAND, VT 05701 | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | $265 | $0 | $265 | 0.11% |
| THE RICHARDS GROUP3 Filed as: RICHARDS, INC. | PO BOX 820 BRATTLEBORO, VT 05302 | VISION SERVICE PLAN | $4K | $0 | $4K | 10.12% |
| THE RICHARDS GROUP3 | 48 HARRIS PLACE BRATTLEBORO, VA 05301 | ESI EMPLOYEE ASSISTANCE GROUP | $497 | $0 | $497 | 5.00% |
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 | 280 | 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) | 280 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | VISION SERVICE PLAN | 147 | $39K |
| Life insurance | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | 280 | $246K |
| Short-term disability | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | 280 | $246K |
| Long-term disability | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | 280 | $246K |
| Other(2 contracts, 2 carriers) | THE GUARDIAN NATIONAL LIFE INSURANCE COMPANY OF AMERICA | 389 | $256K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 389 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.