| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $74K | — | $74K | 5.00% |
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $6K | — | $6K | 7.00% |
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 8.61% |
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $2K | — | $2K | 15.00% |
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $434 | $224 | $658 | 15.16% |
| FERRARA FINANCIAL GROUP, LLC3 Filed as: FERRARA FINANCIAL GROUP LLC | 1150 RARITAN RD CRANFORD, NJ 07016 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $9 | — | $9 | 0.21% |
| THE WILSHIRE GROUP LLC3 | 2035 LINCOLN HIGHWAY SUITE 1080 EDISON, NJ 08817 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $316 | — | $316 | 11.99% |
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 | 104 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 104 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 83 | $1.5M |
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 85 | $87K |
| Vision | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 31 | $4K |
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 104 | $28K |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 104 | $14K |
| Other(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 104 | $30K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 104 | — |
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.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.