| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| KEYARX CAPITAL ADVISORS3 | 101 CRAWFORDS CIRCLE ROAD SUITE #1300 HOLMDEL, NJ 07733 | HARTFORD LIFE AND ACCIDENT | $323K | $92K | $416K | 7.92% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS ADMIN. | P.O. BOX 850502 MINNEAPOLIS, MN 554850001 | METROPOLITAN LIFE INSURANCE COMPANY | $138K | $11K | $148K | 22.90% |
| MERCER HEALTH AND BENEFITS, LLC3 Filed as: MERCER HEALTH & BENEFITS ADMIN. | P.O. BOX 850502 MINNEAPOLIS, MN 554850001 | METROPOLITAN LIFE INSURANCE COMPANY | $78K | $8K | $86K | 18.72% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| THE HARTFORD NONE | Other fees; Contract Administrator Service code 13 | 1 GRIFFIN ROAD NORTH WINDSOR, CT 06095 | $655K |
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 | 15,164 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 121 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 15,285 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | METROPOLITAN LIFE INSURANCE COMPANY | 21,598 | $1.4M |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 13,487 | $5.2M |
| Long-term disability | HARTFORD LIFE AND ACCIDENT | 13,487 | $5.2M |
| Other(2 contracts) | METROPOLITAN LIFE INSURANCE COMPANY | 6,375 | $1.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 21,598 | — |
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.