| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | — | $22K | $22K | 2.67% |
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $88K | $17K | $104K | 16.50% |
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR. SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $88K | $17K | $104K | 16.50% |
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $47K | $13K | $60K | 11.78% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 192 BALLARD COURT VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $27K | $12K | $39K | 20.10% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 192 BALLARD COURT VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $24K | $11K | $35K | 20.13% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 192 BALLARD COURT VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $13K | $6K | $19K | 20.04% |
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | $11K | $2K | $13K | 16.70% |
| GCG FINANCIAL LLC3 Filed as: SUMMIT GROUP OF VIRGINIA-ALERA GRP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | — | $2 | $2 | — |
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 | 6,437 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 22 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 6,459 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(5 contracts, 3 carriers) | MVP HEALTHCARE | 1,123 | $1.3M |
| Dental(10 contracts, 10 carriers) | CIGNA DENTAL HEALTH OF PENNSYLVANIA INC. | 279 | $132K |
| Life insurance(4 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 5,107 | $1.3M |
| Short-term disability(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 893 | $509K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 5,069 | $838K |
| Prescription drug | MVP HEALTHCARE | 52 | $825K |
| Other(16 contracts, 11 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 6,523 | $1.9M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 6,523 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.