| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| NPPG EMPLOYEE BENEFITS LLC3 | 121 MOMOUNT STREET RED BANK, NJ 07701 | CIGNA HEALTH & LIFE INSURANCE COMPANY & AFFILIATES | $45K | $127K | $172K | 2.71% |
| DONALD C SAVOY INC3 | 25B HANOVER ROAD SUITE 220 FLORHAM PARK, NJ 07932 | CIGNA HEALTH & LIFE INSURANCE COMPANY & AFFILIATES | $16K | $120K | $136K | 2.14% |
| NPPG EMPLOYEE BENEFITS LLC3 | 121 MOMOUNT STREET RED BANK, NJ 07701 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $30K | $0 | $30K | 20.00% |
| SAVOY ASSOCIATES3 | 25B HANOVER ROAD SUITE 220 FLORHAM PARK, NJ 07932 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $0 | $12K | $12K | 8.14% |
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 | 288 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 292 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH & LIFE INSURANCE COMPANY & AFFILIATES | 292 | $6.4M |
| Dental | CIGNA HEALTH & LIFE INSURANCE COMPANY & AFFILIATES | 292 | $6.4M |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $150K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $150K |
| Other | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $150K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 292 | — |
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.