| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WELLSPRING BENEFITS INC3 Filed as: WELLSPRING BENEFITS, INC. | 197 NEW YORK AVENUE, SUITE 2 HUNTINGTON, NY 11743 | EMPIRE HEALTHCHOICE ASSURANCE, INC. | $125K | $0 | $125K | 3.59% |
| EMERSON REID LLC3 Filed as: EMERSON REID AND COMPANY, INC. | 400 POST AVENUE WESTBURY, NM 11590 | EMPIRE HEALTHCHOICE ASSURANCE, INC. | $0 | $51K | $51K | 1.46% |
| WELLSPRING BENEFITS INC3 Filed as: WELLSPRING BENEFITS, INC. | 174 PARK AVENUE HICKSVILLE, NY 11801 | EMPIRE HEALTHCHOICE ASSURANCE, INC. | $2K | $0 | $2K | 0.06% |
| EMERSON REID LLC3 Filed as: EMERSON REID AND COMPANY, INC. | 1305 WALT WHITMAN ROAD, SUITE 310 MELVILLE, NY 11747 | EMPIRE HEALTHCHOICE ASSURANCE, INC. | $836 | $0 | $836 | 0.02% |
| WELLSPRING BENEFITS INC3 Filed as: WELLSPRING BENEFITS, INC. | 174 PARK AVENUE HICKSVILLE, NY 11801 | METROPOLITAN LIFE INSURANCE COMPANY | $39K | $0 | $39K | 10.61% |
| EMERSON REID LLC3 Filed as: EMERSON REID AND COMPANY, INC. | 669 RIVER DRIVE CENTER II SUITE 305 ELMWOOD PARK, NJ 07407 | METROPOLITAN LIFE INSURANCE COMPANY | $19K | $4K | $24K | 6.50% |
No Schedule C service providers reported on this filing.
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 | 424 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 431 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | EMPIRE HEALTHCHOICE ASSURANCE, INC. | 663 | $3.5M |
| Dental | METROPOLITAN LIFE INSURANCE COMPANY | 682 | $364K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 682 | $364K |
| Prescription drug | EMPIRE HEALTHCHOICE ASSURANCE, INC. | 663 | $3.5M |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 682 | $364K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 682 | — |
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.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.