| 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 | — | $140K | $140K | 5.00% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFIT LLC | ONE CORPORATE DRIVE STE 225 SHELTON, CT 06484 | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | — | $2K | $2K | 0.09% |
| PROCYON BENEFITS, LLC3 | ONE CORPORATE DR SUITE 225 SHELTON, CT 06484 | DELTA DENTAL OF CONNECTICUT | $13K | — | $13K | 7.00% |
| PROCYON BENEFITS, LLC3 Filed as: PROCYON BENEFITS LLC | ONE CORPORATE DRIVE STE 255 SHELTON, CT 06484 | SUN LIFE ASSURANCE COMPANY OF CANADA | $13K | — | $13K | 10.83% |
| SEAN J RABINOWITZ3 | 37 2ND AVE BRANFORD, CT 06405 | SUN LIFE ASSURANCE COMPANY OF CANADA | $1K | — | $1K | 0.86% |
| PROCYON BENEFITS, LLC3 | ONE CORPORATE DR SUITE 225 SHELTON, CT 06484 | DELTA DENTAL OF CONNECTICUT | $1K | — | $1K | 7.02% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SUN LIFE ASSURANCE CO OF CANADA EIN 38-1082080 CLAIMS PROCESSING | Claims processing Service code 12 | — | $4K |
| PROCYON BENEITS, LLC BROKER | Insurance agents and brokers Service code 22 | 1 CORPORATE DR STE 225 SHELTON, CT 06484 | $423 |
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 | 214 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 3 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 6 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 223 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES | 161 | $2.8M |
| Dental | DELTA DENTAL OF CONNECTICUT | 427 | $184K |
| Vision | DELTA DENTAL OF CONNECTICUT | 311 | $21K |
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 212 | $123K |
| Short-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 212 | $123K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 212 | $123K |
| Other | SUN LIFE ASSURANCE COMPANY OF CANADA | 212 | $123K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 427 | — |
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.