| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DRIVE SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $306K | $108K | $414K | 10.96% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC. | 3 PARKWAY NORTH BOULEVARD SUITE 500 DEERFIELD, IL 60015 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $147K | $0 | $147K | 20.00% |
| SUMMIT GROUP OF VIRGINIA3 | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $25K | $0 | $25K | 3.40% |
| ORACLE AMERICA, INC.3 | 500 ORACLE PARKWAY REDWOOD SHORES, CA 94065 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $0 | -$233 | -$233 | -0.03% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC | 192 BALLARD COURT, SUITE 400 VIRGINIA BEACH, VA 23462 | RELIANCE MATRIX | $45K | $0 | $45K | 9.00% |
| MGIS3 | 111 SOUTH MAIN STREET, SUITE 400 SALT LAKE CITY, UT 84111 | RELIANCE MATRIX | $0 | $105 | $105 | 0.02% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC. | 192 BALLARD COURT SUITE 400 VIRGINIA BEACH, VA 23462 | SUN LIFE ASSURANCE COMPANY OF CANADA | $33K | $0 | $33K | 8.97% |
| MGIS3 | 111 SOUTH MAIN STREET SUITE 400 SALT LAKE CITY, UT 84111 | SUN LIFE ASSURANCE COMPANY OF CANADA | $0 | $75 | $75 | 0.02% |
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 | 3,577 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 40 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 3,617 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | DELTA DENTAL OF ILLINOIS | 2,777 | $1.6M |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,639 | $3.8M |
| Short-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,639 | $3.8M |
| Long-term disability(3 contracts, 3 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,639 | $4.6M |
| Other(2 contracts, 2 carriers) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,639 | $4.5M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 3,639 | — |
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."
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.