| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ABEL BENEFIT SOLUTIONS, INC.3 | 2 CORPORATE DRIVE CRANBURY, NJ 08512 | OXFORD HEALTH INSURANCE, INC. | $571K | — | $571K | 4.22% |
| ROBERT SCHIAZZA II3 | 20 VILLANOVA DRIVE FREEHOLD, NJ 07728 | OXFORD HEALTH INSURANCE, INC. | $114K | — | $114K | 0.84% |
| ABEL BENEFIT SOLUTIONS, INC.3 | 2 CORPORATE DRIVE CRANBURY, NJ 08512 | UNITEDHEALTHCARE INSURANCE COMPANY | $28K | — | $28K | 3.71% |
| SUMMIT FINANCIAL GROUP INC.3 Filed as: SUMMIT FINANCIAL GROUP | 5420 LYNDON B. JOHNSON FREEWAY SUITE 725 DALLAS, TX 752406260 | METROPOLITAN LIFE INSURANCE COMPANY | $49K | $5K | $54K | 18.30% |
| ABEL BENEFIT SOLUTIONS, INC.3 Filed as: ABEL BENEFITSOLUTIONS, INC. | 2 CORPORATE DRIVE CRANBURY, NJ 08512 | DELTA DENTAL | $37 | — | $37 | 3.28% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| ABEL BENEFIT SOLUTIONS, INC. NONE | Insurance agents and brokers Service code 22 | 2 CORPORATE DRIVE CRANBURY, NJ 08512 | $599K |
| ROBERT SCHIAZZA II NONE | Insurance agents and brokers Service code 22 | 20 VILLANOVA DRIVE FREEHOLD, NJ 07728 | $114K |
| SUMMIT FINANCIAL GROUP INC. NONE | Insurance agents and brokers Service code 22 | 5420 LYNDON B JOHNSON FREEWAY SUITE 725 DALLAS, TX 75240 | $49K |
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 | 2,858 | 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) | 2,858 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | OXFORD HEALTH INSURANCE, INC. | 2,858 | $13.5M |
| Dental(2 contracts, 2 carriers) | UNITEDHEALTHCARE INSURANCE COMPANY | 1,516 | $767K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 1,115 | $296K |
| Short-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 1,115 | $296K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 1,115 | $296K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 1,115 | $296K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 2,858 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.