| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GROUP ADVISORY INC3 Filed as: GROUP ADVISORY INC. | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $256K | $256K | 5.38% |
| GROUP ADVISORY INC3 Filed as: GROUP ADVISORY INC. | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | AMERITAS LIFE INSURANCE CORP. OF NEW YORK | $16K | — | $16K | 5.00% |
| GROUP ADVISORY INC3 | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | FIRST UNUM LIFE INSURANCE COMPANY | $24K | — | $24K | 10.00% |
| GROUP ADVISORY INC3 Filed as: GROUP ADVISORY INC. | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $4K | — | $4K | 3.69% |
| GROUP ADVISORY INC3 | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | METROPOLITAN LIFE INSURANCE COMPANY | $8K | — | $8K | 9.01% |
| GROUP ADVISORY INC3 | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | FIRST UNUM LIFE INSURANCE COMPANY | $3K | — | $3K | 9.99% |
| GROUP ADVISORY INC3 | 1135 CLIFTON AVENUE, SUITE 201 CLIFTON, NJ 07013 | METROPOLITAN GENERAL INSURANCE COMPANY | $846 | — | $846 | 10.66% |
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 | 331 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 336 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 391 | $4.8M |
| Dental | AMERITAS LIFE INSURANCE CORP. OF NEW YORK | 594 | $320K |
| Vision | AMERITAS LIFE INSURANCE CORP. OF NEW YORK | 594 | $320K |
| Life insurance(3 contracts, 2 carriers) | FIRST UNUM LIFE INSURANCE COMPANY | 331 | $358K |
| Short-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 245 | $98K |
| Long-term disability | FIRST UNUM LIFE INSURANCE COMPANY | 330 | $243K |
| Other(4 contracts, 3 carriers) | FIRST UNUM LIFE INSURANCE COMPANY | 331 | $366K |
| 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."
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.