| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROCYON BENEFITS, LLC3 | 1 CORP DR SUITE 225 SHELTON, CT 06484 | COMPANION LIFE INSURANCE COMPANY | $45K | — | $45K | 12.00% |
| PROCYON BENEFITS, LLC3 | 1 CORP DR SUITE 225 SHELTON, CT 06484 | AETNA LIFE INSURANCE CO. | $5K | — | $5K | 4.50% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | 1 CORPORATE DRIVE STE 225 SHELTON, CT 06484 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $5K | $3K | $8K | 15.00% |
| PROCYON BENEFITS, LLC3 | ONE CORPORATE DRIVE STE 225 SHELTON, CT 06484 | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | $1K | $559 | $2K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MERITAIN HEALTH EIN 16-1264154 CLAIMS PROCESSING | Claims processing Service code 12 | — | $174K |
| SCRIP WORLD, LLC EIN 87-0632355 PHARMACY BENEFIT MGT | Claims processing; Direct payment from the plan; Float revenue; Other fees Service code 12 | — | $60K |
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 | 507 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 15 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 522 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | AETNA LIFE INSURANCE CO. | 330 | $115K |
| Life insurance | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 478 | $11K |
| Stop-loss / reinsurancereinsurance | COMPANION LIFE INSURANCE COMPANY | 203 | $374K |
| Other(2 contracts) | THE LINCOLN NATIONAL LIFE INSURANCE COMPANY | 478 | $61K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 478 | — |
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."
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.