| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO | 73 WALT WHITMAN RD. STE. 207A MELVILLE, NY 11747 | EMBLEM HEALTH | $585K | — | $585K | 5.00% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR. | 734 WALT WHITMAN ROAD SUITE 207A MELVILLE, NY 11747 | HEALTHPLEX INSURANCE COMPANY | $38K | — | $38K | 9.26% |
| EMERSON REID LLC3 Filed as: EMERSON REID & ASSOCIATES | 261 MADISON ACENUE SUITE 602 NEW YORK, NY 10016 | HM LIFE INSURANCE COMPANY | — | — | $0 | 0.00% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR | 734 WALK WHITMAN RD STE 207 A MELVILLE, NY 11747 | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | $3K | — | $3K | 5.84% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR | 734 WALT WHITMAN ROAD SUITE 207A MELVILLE, NY 11747 | HEALTHPLEX INSURANCE COMPANY | $3K | — | $3K | 9.46% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CARY KANE LLP EIN 20-1942442 NONE | Legal; Direct payment from the plan Service code 29 | — | $119K |
| CHRISTINE BENCI EIN 11-1945541 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $55K |
| SAXBST LLP EIN 46-4001827 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $45K |
| CHRISSY MADERICH EIN 11-1945541 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $30K |
| O'SULLIVAN ASSOCIATES EIN 20-8199367 NONE | Direct payment from the plan; Actuarial Service code 11 | — | $28K |
| VIRGINIA PUTNEY EIN 11-1945541 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $27K |
| UBS FINANCIAL SERVICES EIN 13-2638166 NONE | Investment advisory (plan); Direct payment from the plan; Other fees Service code 27 | — | $16K |
| KLEIN, ZELMAN, ROTHERMEL EIN 13-2998136 NONE | Legal; Direct payment from the plan Service code 29 | — | $16K |
| OVATION RISK PLANNERS EIN 13-3461586 NONE | Insurance brokerage commissions and fees Service code 53 | — | $2K |
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 | 719 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 15 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 734 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | EMBLEM HEALTH | 727 | $11.7M |
| Dental(2 contracts) | HEALTHPLEX INSURANCE COMPANY | 725 | $444K |
| Vision | HM LIFE INSURANCE COMPANY | 1,992 | $69K |
| Life insurance | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | 725 | $48K |
| Prescription drug | EMBLEM HEALTH | 727 | $11.7M |
| Other | LINCOLN LIFE & ANNUITY COMPANY OF NEW YORK | 725 | $48K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,992 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.