| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFITS PROCESSING INC5 | 20 BRACE RD STE 114 CHERRY HILL, NJ 08034 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $724 | — | $724 | 5.00% |
| BENEFITS PROCESSING INC5 | 20 BRACE ROAD STE 114 CHERRY HILL, NJ 08034 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $58 | — | $58 | 5.04% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| UNITED INDEPENDENT UNION EIN 23-1722780 AFFILIATED ORGANIZATION | Claims processing; Direct payment from the plan Service code 12 | — | $87K |
| BENEFIT PROCESSING INC EIN 23-2204388 RECORD KEEPER | Consulting fees; Consulting (general) Service code 16 | — | $69K |
| BARATZ & ASSOCIATES, P.A. EIN 22-2212404 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $30K |
| RBC WEALTH MANAGEMENT EIN 41-1416330 NONE | Investment management fees paid directly by plan; Direct payment from the plan; Investment advisory (plan) Service code 27 | — | $23K |
| RICHARD GABRIEL ASSOCIATES EIN 23-2817579 NONE | Consulting fees; Consulting (general); Actuarial Service code 11 | — | $20K |
| MARKOWITZ & RICHMAN EIN 23-2111581 NONE | Legal; Direct payment from the plan Service code 29 | — | $6K |
| ISSI EIN 23-2182079 NONE | Direct payment from the plan; Other fees Service code 50 | — | $6K |
| BLACKROCK ADVISORS, LLC EIN 23-2784752 NONE | Distribution (12b-1) fees; Investment management fees paid indirectly by plan Service code 52 | — | $0 |
| BLACKROCK INVESTMENTS, LLC EIN 13-3806694 NONE | Other investment fees and expenses Service code 72 | — | $0 |
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 | 296 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 296 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | KEYSTONE HEALTH PLAN EAST | 395 | $2.1M |
| Dental | UNITED CONCORDIA DENTAL PLANS OF PA | 403 | $78K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 0 | $14K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 403 | — |
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.