| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BOSTON INSURANCE5 | EMPLOYEE BENEFITS TRUST 18 RESEARCH PKWY STE 1600 WALLINGFORD, CT 064921931 | METROPOLITAN LIFE INSURANCE COMPANY | $13K | $8K | $21K | 16.13% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| SEGAL MARCO ADVISORS EIN 13-2646110 NONE | Direct payment from the plan; Investment advisory (plan); Named fiduciary Service code 27 | — | $116K |
| WILLIS TOWERS WATSON US, LLC EIN 53-0181291 NONE | Direct payment from the plan; Consulting (general); Actuarial Service code 11 | — | $29K |
| MERGANSER CAPITAL MANAGEMENT LLC EIN 46-3651540 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $27K |
| WITHUMSMITH+BROWN, PC EIN 22-2027092 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $22K |
| PNC BANK, N.A. EIN 22-1146430 NONE | Custodial (securities); Direct payment from the plan; Float revenue; Trustee (bank, trust company, or similar financial institution) Service code 19 | — | $16K |
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 | 221 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 130 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 351 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE CO | 586 | $7.1M |
| Dental | AETNA LIFE INSURANCE CO | 586 | $7.1M |
| Vision | AETNA LIFE INSURANCE CO | 586 | $7.1M |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 348 | $132K |
| Long-term disability | METROPOLITAN LIFE INSURANCE COMPANY | 348 | $132K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 348 | $132K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 586 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.
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.