| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GARY WOOD ASSOCIATES, INC.3 Filed as: GARY WOOD ASSOCIATES INC. | 1212 AVENUE OF THE AMERICAS FLOOR 9 NEW YORK, NY 10036 | AETNA LIFE INSURANCE COMPANY | $448K | — | $448K | 4.24% |
| OPEN ACQ LLC3 | 125 JERICHO TPKE JERICHO, NY 11753 | AETNA LIFE INSURANCE COMPANY | $223K | — | $223K | 2.12% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GARY WOOD ASSOCIATES INC. NONE | Insurance agents and brokers Service code 22 | 1212 AVENUE OF THE AMERICAS FLOOR 9 NEW YORK, NY 10036 | $448K |
| OPEN ACQ LLC NONE | Insurance agents and brokers Service code 22 | 125 JERICHO TURNPIKE JERICHO, NY 11753 | $223K |
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 | 533 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 537 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 1,070 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY | 1,070 | $10.6M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,070 | — |
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.