| 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) | — | $16K | $16K | 2.29% |
| 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) | — | $15K | $15K | 2.29% |
| 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) | $76K | $12K | $88K | 17.42% |
| 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) | $39K | $8K | $46K | 11.97% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 3 PARKWAY NORTH SUITE 500 DEERFIELD, IL 60015 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $26K | — | $26K | 13.68% |
| 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) | $8K | $2K | $10K | 18.17% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 3 PARKWAY NORTH SUITE 500 DEERFIELD, IL 60015 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $8K | $3K | $11K | 19.20% |
| 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) | — | $5 | $5 | 2.27% |
| 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) | — | $12 | $12 | 12.00% |
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 | 6,608 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 15 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 6,623 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(4 contracts, 3 carriers) | MVP HEALTHCARE | 1,244 | $1.1M |
| Dental(9 contracts, 9 carriers) | CIGNA DENTAL HEALTH OF PENNSYLVANIA INC. | 275 | $123K |
| Life insurance(4 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 5,059 | $1.2M |
| Short-term disability(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 356 | $385K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 5,019 | $686K |
| Prescription drug | MVP HEALTHCARE | 65 | $837K |
| Other(14 contracts, 11 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA (NYL) | 6,576 | $1.4M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 6,576 | — |
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.