| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROFESSIONAL GROUP PLANS INC3 Filed as: PROFESSIONAL GROUP PLANS, INC. | 225 WIRELESS BLVD - STE 200 HAUPPAUGE, NY 11788 | RELIANCE STANDARD LIFE INSURANCE CO. | $5K | — | $5K | 5.00% |
| MARK SPIVAK (THE WEISS GROUP)4 | 155 EAST 44TH STREET, 12TH FLOOR NEW YORK, NY 10017 | RELIANCE STANDARD LIFE INSURANCE CO. | $4K | — | $4K | 3.35% |
| MARK SPIVAK (THE WEISS GROUP) | 155 EAST 44TH STREET, 12TH FLOOR NEW YORK, NY 10017 | RELIANCE STANDARD LIFE INSURANCE CO. | $1K | — | $1K | 15.00% |
| PROFESSIONAL GROUP PLANS INC3 Filed as: PROFESSIONAL GROUP PLANS, INC. | 225 WIRELESS BLVD - STE 200 HAUPPAUGE, NY 11788 | RELIANCE STANDARD LIFE INSURANCE CO. | $447 | — | $447 | 5.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| HILDA SANCHEZ EIN 23-7248562 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $155K |
| RELIANCE TRUST COMPANY EIN 58-1428634 NONE | Investment management; Direct payment from the plan; Custodial (securities) Service code 19 | — | $148K |
| LORRAINE LEVY EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $144K |
| OPTIMUM TECHNOLGIES INC EIN 04-3283029 NONE | Direct payment from the plan; Other fees; Other services Service code 49 | — | $139K |
| MAGNACARE ADMINSTRATIVE SVCS LLC EIN 11-3410766 NONE | Valuation (appraisals, etc.); Direct payment from the plan Service code 34 | — | $130K |
| FRANCA EUVINO EIN 23-7248562 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $118K |
| RICHARD GALLO EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $112K |
| PRISCILLA POVEDA GARCIA EIN 23-7248562 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $111K |
| UNITED LABOR SYSTEMS NONE | Recordkeeping and information management (computing, tabulating, data processing, etc.); Direct payment from the plan Service code 15 | 360 E PARK AVE LONG BEACH, NY 11561 | $106K |
| ADAM HARRIS EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $101K |
| DAVID HARRIS EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $95K |
| EVELYN DEJESUS GUTIERREZ EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $83K |
| BENECARD SERVICES, INC. EIN 22-2998772 NONE | Contract Administrator; Direct payment from the plan Service code 13 | — | $75K |
| FLORENCE SACINO EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $75K |
| MIRANDA TYNER EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $71K |
| NOVAK FRANCELLA LLC EIN 61-1436956 NONE | Direct payment from the plan; Accounting (including auditing) Service code 10 | — | $67K |
| MARIA ORTIZ EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $53K |
| DR STEPHEN JAFFE NONE | Consulting fees; Direct payment from the plan Service code 50 | 16 LANCASTER RD TENAFLY, NJ 07670 | $43K |
| UNITED HEALTHCARE SERVICES, INC. EIN 41-1289245 NONE | Contract Administrator; Direct payment from the plan Service code 13 | — | $42K |
| ERIC M. HARRIS, ESQ., P.C. NONE | Legal; Direct payment from the plan Service code 29 | 485 UNDERHILL BLVD, STE 203 SYOSSET, NY 11791 | $36K |
| NANCY BONSANTI EIN 23-7248562 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $29K |
| PAULA CUSUMANO EIN 23-7248562 TRUSTEE | Direct payment from the plan; Trustee (directed) Service code 25 | — | $18K |
| BACK NINE CONSULTING, LLC EIN 99-2224713 NONE | Actuarial; Direct payment from the plan Service code 11 | — | $16K |
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 | 1,053 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 1,054 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | RELIANCE STANDARD LIFE INSURANCE CO. | 979 | $107K |
| Other | RELIANCE STANDARD LIFE INSURANCE CO. | 979 | $9K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 979 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.