| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SAVOY ASSOCIATES3 Filed as: DONALD C SAVOY ASSOCIATES | 25B HANOVER ROAD FLORHAM PARK, NJ 07932 | INDEPENDENCE BLUE CROSS | $56K | $0 | $56K | 4.74% |
| EXUDE BENEFITS GROUP INC3 | 325 CHESTNUT ST STE 1000 PHILADELPHIA, PA 19106 | RELIANCE STANDARD | $5K | $0 | $5K | 5.91% |
| EXUDE BENEFITS GROUP INC3 | 325 CHESTNUT ST STE 1000 PHILADELPHIA, PA 19106 | RELIANCE STANDARD | $3K | $0 | $3K | 4.44% |
| EXUDE BENEFITS GROUP INC3 Filed as: EXUDE BENEFITS | 325 CHESTNUT ST STE 1000 PHILADELPHIA, PA 19106 | AETNA LIFE INSURANCE CO. | $3K | $0 | $3K | 6.82% |
| EXUDE BENEFITS GROUP INC3 | 325 CHESTNUT ST STE 1000 PHILADELPHIA, PA 19106 | RELIANCE STANDARD | $3K | $0 | $3K | 10.39% |
| EXUDE BENEFITS GROUP INC3 | 325 CHESTNUT ST STE 1000 PHILADELPHIA, PA 19106 | RELIANCE STANDARD | $1K | $0 | $1K | 634.66% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| EXUDE BENEFITS BROKER | Insurance agents and brokers Service code 22 | 325 CHESTNUT ST PHILADELPHIA, PA 19106 | $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 | 150 | 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) | 150 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | INDEPENDENCE BLUE CROSS | 121 | $1.2M |
| Dental | AETNA LIFE INSURANCE CO. | 138 | $50K |
| Vision | RELIANCE STANDARD | 176 | $176 |
| Life insurance | RELIANCE STANDARD | 150 | $26K |
| Short-term disability | RELIANCE STANDARD | 150 | $71K |
| Long-term disability | RELIANCE STANDARD | 150 | $81K |
| Prescription drug | INDEPENDENCE BLUE CROSS | 121 | $1.2M |
| Other | RELIANCE STANDARD | 150 | $26K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 176 | — |
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.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.