| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 | THREE PARKWAY NORTH SUITE 500 DEERFIELD, IL 60015 | BLUECROSS BLUESHIELD OF ILLINOIS | $63K | $3K | $66K | 4.05% |
| GCG FINANCIAL LLC3 | 3 PARKWAY N BLVD STE 500 DEERFIELD, IL 60015 | PRINCIPAL LIFE INSURANCE COMPANY | $19K | $7K | $26K | 16.25% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC. | 965 GREENTREE RD STE 110 PITTSBURGH, PA 15220 | PRINCIPAL LIFE INSURANCE COMPANY | — | $2K | $2K | 1.32% |
| GCG FINANCIAL LLC3 Filed as: GCG FINANCIAL | 3 PARKWAY N BLVD STE 500 DEERFIELD, IL 60015 | VISION SERVICE PLAN | $933 | — | $933 | 6.32% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| WEX HEALTH CLAIMS PROCESSING | Claims processing; Contract Administrator Service code 12 | 1 HANCOCK ST PORTLAND, ME 04101 | $6K |
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 | 123 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 1 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 126 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | BLUECROSS BLUESHIELD OF ILLINOIS | 271 | $1.6M |
| Dental | PRINCIPAL LIFE INSURANCE COMPANY | 274 | $159K |
| Vision | VISION SERVICE PLAN | 91 | $15K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 274 | $159K |
| Short-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 274 | $159K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 274 | $159K |
| Other | PRINCIPAL LIFE INSURANCE COMPANY | 274 | $159K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 274 | — |
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.
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.