| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS | PO BOX 6009 STE 119 ASHLAND, VA 23005 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $157K | — | $157K | 23.01% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS | PO BOX 6009 ASHLAND, VA 23005 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $22K | — | $22K | 9.94% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS INC. | 6468 NW 5TH WAY FORT LAUDERDALE, FL 33309 | GUARDIAN | $26K | — | $26K | 13.54% |
| DAILYFEATS INC.3 Filed as: DAILYFEATS | 131 TREMONT ST 3RD FLOOR BOSTON, MA 02111 | GUARDIAN | -$2 | — | -$2 | -0.00% |
| FAISON GROUP BENEFITS INC3 | P O BOX 6009 ASHLAND, VA 23005 | METROPOLITAN GENERAL INSURANCE COMPANY | $68 | — | $68 | 0.78% |
| NFP INSURANCE SERVICES INC3 Filed as: NFP CORPORATE SERVICES NY LLC | 340 MADISON AVE NEW YORK, ND 10173 | THE HARTFORD | $188 | $25 | $213 | 17.04% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE EIN 59-1031071 ADMINISTRATION FEES | Claims processing; Direct payment from the plan; Float revenue; Other services; Non-monetary compensation; Named fiduciary; Contract Administrator; Participant communication Service code 12 | — | $41K |
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 | 152 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 152 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 224 | $683K |
| Dental(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 152 | $419K |
| Vision(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 152 | $419K |
| Life insurance | GUARDIAN | 152 | $194K |
| Short-term disability | GUARDIAN | 152 | $194K |
| Long-term disability | GUARDIAN | 152 | $194K |
| Other(3 contracts, 3 carriers) | GUARDIAN | 152 | $204K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 224 | — |
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.