| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| WILLIAM E. MAHONEY, JR.3 | MAHONEY FINANCIAL ORGANIZATION ONE MONARCH PLACE, SUITE 1840 SPRINGFIELD, MA 01144 | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | $42K | — | $42K | 6.04% |
| STEVEN BELCHER3 | MAHONEY FINANCIAL ORGANIZATION, LLC 2041 W. FIRST STREET FORT MYERS, FL 33901 | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | $35K | — | $35K | 5.02% |
| DOREEN MAHONEY3 | MAHONEY FINANCIAL ORGANIZATION, LLC 2455 E. SUNRISE BLVD., SUITE 300 FORT LAUDERDALE, FL 33304 | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | $9K | — | $9K | 1.34% |
| JASON PALMADESSO3 | MAHONEY FINANCIAL ORGANIZATION, LLC 2455 E. SUNRISE BLVD., SUITE 300 FORT LAUDERDALE, FL 33304 | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | $3K | — | $3K | 0.44% |
| DAVID SHORE3 | MAHONEY FINANCIAL ORGANIZATION, LLC 1300 CONCORD TERRACE, 5TH FLOOR SUNRISE, FL 33323 | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | $2K | — | $2K | 0.25% |
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 | 132 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 7 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 139 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION | 19 | $694K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 19 | — |
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.