| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GUTMANS INSURANCE BROKERAGE INC Filed as: GUTMANS INSURANCE BROKER | 1066 E 2ND STREET BROOKLYN, NY 11230 | SUNLIFE | $229K | — | $229K | 10.00% |
| GUTMANS INSURANCE BROKERAGE INC3 | 1066 E 2ND ST BROOKLYN, NY 11230 | HARTFORD LIFE AND ACCIDENT | $2K | — | $2K | 9.88% |
| GCG FINANCIAL LLC Filed as: DBL GENERAL AGENCY | 155 PINELAWN RD STE 120S MELVILLE, NY 11747 | SUN LIFE AND INSURANCE COMPANY | $995 | — | $995 | 15.00% |
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 | 599 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 387 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 986 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | SUNLIFE | 1,423 | $2.3M |
| Life insurance | HARTFORD LIFE AND ACCIDENT | 167 | $16K |
| Short-term disability | SUN LIFE AND INSURANCE COMPANY | 15 | $7K |
| Stop-loss / reinsurancereinsurance | SUNLIFE | 1,423 | $2.3M |
| Other | HARTFORD LIFE AND ACCIDENT | 167 | $16K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,423 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.