| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $59K | $59K | 3.83% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $265K | $42K | $307K | 20.00% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $158K | $28K | $186K | 20.15% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC. | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | SUN LIFE ASSURANCE COMPANY OF CANADA | $46K | — | $46K | 5.68% |
| SUMMIT GROUP OF VIRGINIA3 Filed as: THE SUMMIT GROUP OF VIRGINIA, LLP | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | SUN LIFE ASSURANCE COMPANY OF CANADA | $26K | — | $26K | 3.26% |
| MGIS3 | 111 SOUTH MAIN STREET, SUITE 400 SALT LAKE CITY, UT 841112176 | SUN LIFE ASSURANCE COMPANY OF CANADA | — | $165 | $165 | 0.02% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $5K | $5K | 1.44% |
| SUMMIT GROUP OF VIRGINIA3 | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $58K | $30K | $88K | 27.49% |
| ORACLE AMERICA, INC.3 | 500 ORACLE PARKWAY REDWOOD SHORES, CA 94065 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $9K | $9K | 2.71% |
| SUMMIT GROUP OF VIRGINIA3 | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $44K | $22K | $67K | 27.29% |
| ORACLE AMERICA, INC.3 | 500 ORACLE PARKWAY REDWOOD SHORES, CA 94065 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $7K | $7K | 2.72% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $30K | $6K | $36K | 20.20% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $17K | — | $17K | 10.00% |
| SUMMIT GROUP OF VIRGINIA3 | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $31K | $16K | $47K | 27.54% |
| ORACLE AMERICA, INC.3 | 500 ORACLE PARKWAY REDWOOD SHORES, CA 94065 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $5K | $5K | 2.71% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $2K | $2K | 2.04% |
| JEFFREY M SILVERMAN3 | 5041 CORPORATE WOODS DR STE 245 VIRGINIA BEACH, VA 23462 | NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK | $91 | — | $91 | 8.95% |
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 | 3,212 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 63 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 3,275 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(3 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,275 | $547K |
| Dental | DELTA DENTAL OF ILLINOIS | 2,454 | $1.2M |
| Life insurance(5 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,275 | $2.3M |
| Short-term disability(4 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,842 | $2.5M |
| Long-term disability(3 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,842 | $1.7M |
| Stop-loss / reinsurancereinsurance | HM LIFE INSURANCE COMPANY | 2,379 | $1.5M |
| Other(4 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 3,275 | $743K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,275 | — |
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.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.