| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| IKON BENEFITS GROUP, INC.3 Filed as: IKON INSURANCE, INC. | 33 BOLIVIA ST. SUITE 600 SAN JUAN, PR 00918 | TRIPLE-S SALUD, INC. | $37K | — | $37K | 5.00% |
| IKON BENEFITS GROUP, INC.3 Filed as: IKON INSURANCE, INC. | 33 BOLIVIA ST. SUITE 600 SAN JUAN, PR 00918 | NEW YORK LIFE GROUP BENEFITS SOLUTION | $7K | — | $7K | 21.07% |
| IKON BENEFITS GROUP, INC.3 Filed as: IKON INSURANCE, INC. | 33 BOLIVIA ST. SUITE 600 SAN JUAN, PR 00918 | NEW YORK LIFE GROUP BENEFITS SOLUTION | $527 | — | $527 | 21.08% |
| IKON BENEFITS GROUP, INC.3 Filed as: IKON INSURANCE, INC. | 33 BOLIVIA ST. SUITE 600 SAN JUAN, PR 00918 | NEW YORK LIFE GROUP BENEFITS SOLUTION | $135 | — | $135 | 24.02% |
No Schedule C service providers reported on this filing.
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 | 62 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 5 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 67 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | TRIPLE-S SALUD, INC. | 68 | $737K |
| Dental | TRIPLE-S SALUD, INC. | 68 | $737K |
| Vision | TRIPLE-S SALUD, INC. | 68 | $737K |
| Life insurance | NEW YORK LIFE GROUP BENEFITS SOLUTION | 62 | $31K |
| Prescription drug | TRIPLE-S SALUD, INC. | 68 | $737K |
| Other(3 contracts, 2 carriers) | TRIPLE-S SALUD, INC. | 68 | $740K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 68 | — |
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.