| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS | 6500 NW 12TH AVE STE 119 FORT LAUREDALE, FL 33309 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $157K | $12K | $169K | 20.78% |
| FAISON GROUP BENEFITS INC3 Filed as: FAISON GROUP BENEFITS INC. | 6468 NW 5TH WAY FORT LAUDERDALE, FL 33309 | GUARDIAN | $65K | — | $65K | 13.60% |
| DAILYFEATS INC.3 Filed as: DAILYFEATS | 131 TREMONT ST 3RD FLOOR BOSTON, MA 02111 | GUARDIAN | $6K | — | $6K | 1.34% |
| FAISON GROUP BENEFITS INC3 | P O BOX 6009 ASHLAND, VA 23005 | METROPOLITAN GENERAL INSURANCE COMPANY | $706 | — | $706 | 9.23% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE EIN 59-1031071 ADMINISTRATION FEES | Non-monetary compensation; Claims processing; Contract Administrator; Named fiduciary; Float revenue; Participant communication; Other services; Direct payment from the plan Service code 12 | — | $37K |
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 | 165 | 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) | 165 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 250 | $814K |
| Dental | GUARDIAN | 165 | $480K |
| Vision | GUARDIAN | 165 | $480K |
| Life insurance | GUARDIAN | 165 | $480K |
| Short-term disability | GUARDIAN | 165 | $480K |
| Long-term disability | GUARDIAN | 165 | $480K |
| Other(2 contracts, 2 carriers) | GUARDIAN | 165 | $488K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 250 | — |
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."
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.