| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WADE FINANCIAL INC.3 | 1225 SCARLET OAK DRIVE CHALFONT, PA 18914 | THE UNION LABOR LIFE INSURANCE COMPANY | $2K | — | $2K | 5.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENESYS EIN 38-2383171 NONE | Direct payment from the plan; Plan Administrator Service code 14 | — | $200K |
| SEGAL & COMPANY EIN 13-1835864 NONE | Actuarial; Direct payment from the plan; Consulting (general) Service code 11 | — | $44K |
| MSPC EIN 22-2951202 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $31K |
| SUSANIN, WIDMAN & BRENNAN P.C. EIN 23-2265950 NONE | Legal; Direct payment from the plan Service code 29 | — | $18K |
| CLEARY, JOSEM & TRIGIANI LLP NONE | Legal; Direct payment from the plan Service code 29 | 325 CHESTNUT STREET, SUITE 200 PHILADELPHIA, PA 19106 | $17K |
| SIERRA INVESTMENT PARTNERS EIN 68-0370668 NONE | Custodial (securities); Investment management; Investment management fees paid directly by plan Service code 19 | — | $7K |
| PFM ADVISORS EIN 23-3087064 NONE | Investment management fees paid directly by plan; Investment advisory (plan) Service code 27 | — | $6K |
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 | 632 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 632 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | INDEPENDENCE BLUE CROSS - PERSONAL CHOICE | 1,335 | $10.5M |
| Vision(2 contracts) | VISION BENEFITS OF AMERICA | 841 | $87K |
| Life insurance | THE UNION LABOR LIFE INSURANCE COMPANY | 1,581 | $43K |
| Prescription drug | INDEPENDENCE BLUE CROSS - PRESCRIPTION DRUG | 1,827 | $0 |
| Other | THE UNION LABOR LIFE INSURANCE COMPANY | 1,581 | $43K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,827 | — |
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.