| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PAUL GLOBAL BENEFITS INC Filed as: PAUL GLOBAL BENEFITS, INC | 6851 JERICHO TURNPIKE SE 270 SYOSSET, NY 11791 | USABLE LIFE | $5K | — | $5K | 8.61% |
| HORIZON INSURANCE COMPANY | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $4K | $4K | 7.14% |
| PAUL GLOBAL BENEFITS INC Filed as: PAUL GLOBAL BENEFITS, INC | 6851 JERICHO TURNPIKE SE 270 SYOSSET, NY 11791 | USABLE LIFE | $3K | — | $3K | 12.32% |
| HORIZON INSURANCE COMPANY | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $2K | $2K | 9.12% |
| PAUL GLOBAL BENEFITS INC Filed as: PAUL GLOBAL BENEFITS, INC | 6851 JERICHO TURNPIKE SE 270 SYOSSET, NY 11791 | USABLE LIFE | $3K | — | $3K | 15.00% |
| HORIZON INSURANCE COMPANY | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $2K | $2K | 10.43% |
| PAUL GLOBAL BENEFITS INC Filed as: PAUL GLOBAL BENEFITS, INC | 6851 JERICHO TURNPIKE SE 270 SYOSSET, NY 11791 | USABLE LIFE | $1K | — | $1K | 12.36% |
| HORIZON INSURANCE COMPANY | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $991 | $991 | 9.36% |
| PAUL GLOBAL BENEFITS INC Filed as: PAUL GLOBAL BENEFITS | 6851 JERICHO TURNPIKE SE 270 SYOSSET, NY 11791 | USABLE LIFE | $412 | — | $412 | 15.01% |
| HORIZON INSURANCE COMPANY | 3 PENN PLAZA EAST M2H NEWARK, NJ 07105 | USABLE LIFE | — | $285 | $285 | 10.38% |
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 | 481 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 481 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | USABLE LIFE | 147 | $18K |
| Long-term disability | USABLE LIFE | 480 | $53K |
| Other(4 contracts) | USABLE LIFE | 481 | $53K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 481 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.