No brokers reported on this filing.
| Provider | Services | Address | Compensation |
|---|---|---|---|
| FRANK M. VACCARO & ASSOCIATES EIN 23-2148108 NONE | Contract Administrator; Direct payment from the plan; Other services Service code 13 | — | $116K |
| IBEW LOCAL 98 HEALTH & WELFARE EIN 23-2082042 RELATED FUND | Direct payment from the plan; Other services Service code 49 | — | $38K |
| NOVAK FRANCELLA LLC EIN 61-1436956 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $22K |
| NEWTOWER TRUST COMPANY EIN 20-1641876 NONE | Investment management fees paid indirectly by plan; Investment management Service code 28 | — | $13K |
| MARCO CONSULTING GROUP EIN 36-3555078 NONE | Investment advisory (plan); Direct payment from the plan Service code 27 | — | $12K |
| PNC BANK, N.A. EIN 25-1211909 NONE | Investment management fees paid directly by plan; Custodial (securities) Service code 19 | — | $7K |
| FUTURESCRIPTS NONE | Direct payment from the plan; Other services Service code 49 | 1650 ARCH STREET PHILADELPHIA, PA 19103 | $5K |
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 | 410 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 4 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 414 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | INDEPENDENCE BLUE CROSS - PERSONAL CHOICE | 1,364 | $6.7M |
| Life insurance | AMALGAMATED LIFE INSURANCE COMPANY | 410 | $9K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,364 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.
Filing reports zero broker compensation on a plan over 100 participants. Likely direct-write or unreported — worth a knock.