| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BORDEN PERLMAN INS AGCY INC3 Filed as: BORDEN PERLMAN INS. AGENCY INC. | 250 PHILLIPS BLVD., STE 280 EWING, NJ 08618 | HARTFORD LIFE AND ACCIDENT | $2K | — | $2K | 5.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA EIN 59-1031071 NONE | Float revenue; Investment management fees paid directly by plan; Contract Administrator; Named fiduciary; Direct payment from the plan; Claims processing; Non-monetary compensation; Other services; Participant communication Service code 12 | — | $221K |
| FRANK M. VACCARO AND ASSOCIATES INC NONE | Direct payment from the plan; Contract Administrator Service code 13 | 27 ROLAND AVE., SUITE 200 MOUNT LAUREL, NJ 08504 | $148K |
| METS SCHIRO AND MCGOVERN EIN 75-3116930 NONE | Legal; Direct payment from the plan Service code 29 | — | $32K |
| BASIL CASTROVINCI ASSOCIATES EIN 13-2831500 NONE | Actuarial; Direct payment from the plan; Claims processing Service code 11 | — | $24K |
| MSPC EIN 22-2951202 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | 340 NORTH AVENUE EAST CRANFORD, NJ 07016 | $23K |
| MD SASS EIN 13-2704843 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $13K |
| LABOR FIRST LLC EIN 73-1128555 NONE | Insurance agents and brokers; Direct payment from the plan Service code 22 | 3000 MIDLANTIC DRIVE STE 101 MOUNT LAUREL, NJ 08054 | $8K |
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 | 207 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 170 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 377 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | LABOR FIRST LLC | 206 | $158K |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 317 | $47K |
| Stop-loss / reinsurancereinsurance | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 594 | $176K |
| Other | HARTFORD LIFE AND ACCIDENT | 317 | $47K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 594 | — |
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.