| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| UNITY RE, INC.3 | 24 MARBLE ROAD GLOUCESTER, MA 01930 | INDECS CORPORATION | — | $280K | $280K | 17.53% |
| CHRISTOPHER SZEM3 Filed as: CHRISTOPHER B. SZEM | 188 E. BERGEN PLACE RED BANK, NJ 07701 | INDECS CORPORATION | — | $90K | $90K | 5.62% |
| PHCS3 Filed as: MULTIPLAN | PO BOX 29380 NEW YORK, NY 100879380 | INDECS CORPORATION | — | $9K | $9K | 0.56% |
| HEALTHCARE STRAGETIS3 | PO BOX 37039 BALTIMORE, MD 212973039 | INDECS CORPORATION | — | $7K | $7K | 0.41% |
| PHIA GROUP3 Filed as: THE PHIA GROUP, LLC | PO BOX 499 CANTON, MA 02021 | INDECS CORPORATION | — | $1K | $1K | 0.09% |
| NEWHEALTH LLC3 | 188 EAST BERGEN PLACE, SUITE 104 RED BANK, NJ 07701 | INDECS CORPORATION | — | $1K | $1K | 0.09% |
| TELEDOC3 | PO BOX 123417, DEPT 3417 DALLAS, TX 753123417 | INDECS CORPORATION | — | $1K | $1K | 0.08% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 Filed as: JAMES R. NELLIGAN & ASSOCIATES | 1514 STATE ROUTE 138, STE 1 BELMAR, NJ 07719 | GUARDIAN LIFE | $23K | $2K | $25K | 12.59% |
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 | 263 | 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) | 263 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | GUARDIAN LIFE | 263 | $196K |
| Vision | GUARDIAN LIFE | 263 | $196K |
| Life insurance | GUARDIAN LIFE | 263 | $196K |
| Long-term disability | GUARDIAN LIFE | 263 | $196K |
| Stop-loss / reinsurancereinsurance | INDECS CORPORATION | 128 | $1.6M |
| Other | GUARDIAN LIFE | 263 | $196K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 263 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.