| Metric | This plan | Peer median | Peer avg | vs. peer |
|---|---|---|---|---|
| Premium per covered life | $7K | $5K | $5K | +32.0% |
| Broker comp per covered life | $16 | $113 | $141 | -86.2% |
| Broker comp % of premium | 0.2% | 3.0% | 4.5% | -2.7 pp |
| Retention rate | 1.0% | 0.0% | 2.0% | |
| Premium YoY % | 11.4% | 5.2% | 7.9% | +6.2 pp |
| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| JUSTWORKS INSURANCE SERVICES3 | 55 WATER ST FL 29 NEW YORK, NY 100410007 | METROPOLITAN LIFE INSURANCE COMPANY | $1.1M | $114K | $1.2M | 3.31% |
| JUSTWORKS INSURANCE SERVICES3 | 55 WATER ST FL 29 NEW YORK, NY 100410007 | METROPOLITAN LIFE INSURANCE COMPANY | $1.3M | $107K | $1.4M | 5.21% |
| JUSTWORKS INSURANCE SERVICES3 | 55 WATER ST FL 29 NEW YORK, NY 100410007 | METROPOLITAN LIFE INSURANCE COMPANY | $815K | $249K | $1.1M | 6.58% |
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 | 153,848 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 153,848 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(9 contracts, 7 carriers) | AETNA LIFE INSURANCE CO. | 179,301 | $1.5B |
| Dental(2 contracts, 2 carriers) | AETNA LIFE INSURANCE CO. | 179,301 | $1.5B |
| Vision(2 contracts, 2 carriers) | AETNA LIFE INSURANCE CO. | 235,584 | $1.5B |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 235,584 | $27.6M |
| Short-term disability(2 contracts) | METROPOLITAN LIFE INSURANCE COMPANY | 235,584 | $43.8M |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 235,584 | $27.6M |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 235,584 | $27.6M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 235,584 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.