| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ARMIN BENEFITS, LLC3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | AMALGAMATED LIFE INSURANCE COMPANY | $4.9M | — | $4.9M | 74.59% |
| RYAN NUCKOLS3 | 1500 HUDSON STREET APT 2I HOBOKEN, NJ 07030 | AMALGAMATED LIFE INSURANCE COMPANY | $593K | — | $593K | 9.05% |
| PES ENROLLMENTS3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | AMALGAMATED LIFE INSURANCE COMPANY | $159K | — | $159K | 2.43% |
| ARMIN BENEFITS, LLC3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | STANDARD INSURANCE COMPANY | $66K | — | $66K | 36.67% |
| MOSHE REISMAN3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | STANDARD INSURANCE COMPANY | $17K | — | $17K | 9.67% |
| ARMIN BENEFITS, LLC3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | STANDARD INSURANCE COMPANY | $65K | — | $65K | 40.00% |
| MOSHE REISMAN3 | 100 CHALLENGER RD STE 400 RIDGEFIELD PARK, NJ 07660 | STANDARD INSURANCE COMPANY | $17K | — | $17K | 10.60% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| TOTAL PLAN CONCEPTS EIN 45-4564412 THIRD PARTY ADMINISTRATOR | Claims processing; Recordkeeping and information management (computing, tabulating, data processing, etc.); Contract Administrator Service code 12 | 571 MCDONALD AVE BROOKLYN, NY 11218 | $58K |
| LEVON LION EQUITIES, LLC EIN 81-3998243 PLAN RECORDKEEPER | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | — | $47K |
| FASTEN HALBERSTAM LLP PLAN AUDITOR | Accounting (including auditing) Service code 10 | 40 WALL STREET NEW YORK, NY 10005 | $9K |
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 | 9,900 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 10,891 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 20,791 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Short-term disability(2 contracts) | AMALGAMATED LIFE INSURANCE COMPANY | 8,255 | $11.8M |
| Long-term disability(2 contracts) | AMALGAMATED LIFE INSURANCE COMPANY | 8,255 | $11.8M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 8,255 | — |
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 compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.