| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | ONE CORPORATE DRIVE STE 225 SHELTON, CT 06484 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | $1 | $126K | $126K | 5.00% |
| ACBI, INC.3 Filed as: ACBI, INC, A MAINE CORPORATION | PO BOX 1388 BANGOR, ME 04402 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | $0 | $802 | $802 | 0.03% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | ONE CORPORATE DRIVE SUITE 225 SHELTON, CT 06484 | DELTA DENTAL OF CONNECTICUT, INC. | $12K | — | $12K | 7.01% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | ONE CORPORATE DRIVE SUITE 255 SHELTON, CT 06484 | SUN LIFE ASSURANCE COMPANY OF CANADA | $12K | $3K | $15K | 13.68% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | ONE CORPORATE DRIVE SUITE 225 SHELTON, CT 06484 | DELTA DENTAL OF CONNECTICUT, INC. | $1K | — | $1K | 7.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SUN LIFE ASSURANCE CO OF CANADA EIN 38-1082080 CLAIMS PROCESSING | Claims processing Service code 12 | — | $5K |
| PROCYON BENEITS, LLC INS AGENTS AND BROKERS | Insurance agents and brokers Service code 22 | 1 CORPORATE DR STE 225 SHELTON, CT 06484 | $489 |
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 | 206 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 1 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 209 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | 157 | $2.5M |
| Dental | DELTA DENTAL OF CONNECTICUT, INC. | 413 | $177K |
| Vision | DELTA DENTAL OF CONNECTICUT, INC. | 317 | $20K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 210 | $109K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 210 | $109K |
| Other | SUN LIFE ASSURANCE COMPANY OF CANADA | 210 | $109K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 413 | — |
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.