| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| HORIZON INSURANCE COMPANY3 | 3 PENN PLAZE EAST NEWARK, NJ 07105 | USABLE LIFE | $6K | — | $6K | 16.90% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UBS FINANCIAL SERVICES EIN 22-6699169 INVESTMENT MANAGER | Investment management Service code 28 | 1285 AVENUE OF THE AMERICAS NEW YORK, NY 10019 | $121K |
| IBEW LOCAL 94 EIN 22-3314988 PLAN SPONSOR | Plan Administrator Service code 14 | 219 FRANKLIN STREET HIGHTSTOWN, NJ 08520 | $68K |
| BARNETT & PATTERSON LLC EIN 83-1593573 AUDITOR | Accounting (including auditing) Service code 10 | 1000 WHITE HORSE ROAD SUITE 704 VOORHEES, NJ 08043 | $20K |
| COHEN, LEDER, MONTALBANO & CONNAUGH EIN 22-3185470 ATTORNEY | Legal Service code 29 | 669 RIVER DRIVE SUITE 125 ELMWOOD PARK, NJ 07407 | $4K |
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 | 740 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 747 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | HORIZON HEALTHCARE SERVICES, INC. | 747 | $11.0M |
| Dental(2 contracts, 2 carriers) | HORIZON HEALTHCARE SERVICES, INC. | 747 | $11.0M |
| Vision | HORIZON INSURANCE COMPANY | 744 | $76K |
| Life insurance | USABLE LIFE | 735 | $34K |
| Prescription drug | HORIZON HEALTHCARE SERVICES, INC. | 747 | $11.0M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 747 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.