| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| LENCOR BENEFITS LLC3 | 155-21 BRIDGETON STREET HOWARD BEACH, NY 11414 | HEALTHPLEX INSURANCE COMPANY | $25K | — | $25K | 7.55% |
| CENTERSTONE INSURANCE AND FINANCIAL3 Filed as: CENTERSTONE INS. AGENCY & FIN | 1133 WESTCHESTER AVE. WHITE PLAINS, NY 10604 | HEALTHPLEX INSURANCE COMPANY | $12K | — | $12K | 3.61% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR. | 734 WALT WHITMAN RD, SUITE 207A MELVILLE, NY 11747 | HEALTHPLEX INSURANCE COMPANY | $8K | — | $8K | 2.49% |
| LIDAC EMPLOYEE BENEFIT SOLUTIONS3 | 1010 NORTHERN BLVD #324 GREAT NECK, NY 11021 | LINCOLN LIFE & ANNUITY COMPANY OF NY | — | $2K | $2K | 5.00% |
| LENCOR BENEFITS LLC | 1010 NORTHERN BLVD #324 GREAT NECK, NY 11021 | LINCOLN LIFE & ANNUITY COMPANY OF NY | $2K | — | $2K | 4.14% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR. | 734 WALT WHITMAN RD, SUITE 207A MELVILLE, NY 11747 | LINCOLN LIFE & ANNUITY COMPANY OF NY | $874 | — | $874 | 1.88% |
| LENCOR BENEFITS LLC3 | 155-21 BRIDGETON STREET HOWARD BEACH, NY 11414 | HEALTHPLEX INSURANCE COMPANY | $3K | — | $3K | 7.45% |
| CENTERSTONE INSURANCE AND FINANCIAL3 Filed as: CENTERSTONE INS. AGENCY & FIN | 1133 WESTCHESTER AVE. WHITE PLAINS, NY 10604 | HEALTHPLEX INSURANCE COMPANY | $1K | — | $1K | 3.55% |
| MICHAEL BURACK3 Filed as: MICHAEL VILLANO JR. | 734 WALT WHITMAN RD, SUITE 207A MELVILLE, NY 11747 | HEALTHPLEX INSURANCE COMPANY | $914 | — | $914 | 2.70% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MAGNACARE ADMINISTRATIVE SERVICES EIN 11-3410766 NONE | Claims processing; Direct payment from the plan; Insurance services; Insurance agents and brokers Service code 12 | — | $2.1M |
| CHRISTINE BENCI EIN 51-6112573 EMPLOYEE | Employee (plan); Direct payment from the plan Service code 30 | — | $86K |
| BARBARA THOMPSON EIN 51-6112573 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $43K |
| CHRISTINA MADERICH EIN 51-6112573 EMPLOYEE | Direct payment from the plan; Employee (plan) Service code 30 | — | $42K |
| CALIBRE CPA GROUP PLLC EIN 47-0900880 AUDITOR | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $32K |
| KLEIN ZELMAN ROTHERMEL JACOBS SCHEE EIN 13-2998136 NONE | Legal; Direct payment from the plan Service code 29 | — | $24K |
| CARY KANE, LLP EIN 20-1942442 LEGAL COUNSEL | Legal; Direct payment from the plan Service code 29 | — | $23K |
| TEAMSTER CENTER SERVICES EIN 13-1964856 NONE | Other services; Direct payment from the plan Service code 49 | — | $14K |
| UBS FINANCIAL SERVICES EIN 13-2638166 NONE | Investment management fees paid directly by plan; Investment advisory (plan) Service code 27 | — | $13K |
| O'SULLIVAN ASSOCIATES EIN 20-8199367 NONE | Direct payment from the plan; Actuarial Service code 11 | — | $5K |
| LENCOR BENEFITS LLC EIN 83-1004877 NONE | Insurance agents and brokers Service code 22 | — | $0 |
| MICHAEL VILLANO, LLC EIN 26-2022003 NONE | Insurance agents and brokers Service code 22 | — | $0 |
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 | 642 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 17 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 659 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental(2 contracts) | HEALTHPLEX INSURANCE COMPANY | 610 | $360K |
| Vision | HM LIFE INSURANCE COMPANY | 1,627 | $55K |
| Life insurance | LINCOLN LIFE & ANNUITY COMPANY OF NY | 596 | $47K |
| Other | LINCOLN LIFE & ANNUITY COMPANY OF NY | 596 | $47K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,627 | — |
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.