| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GARY WOOD ASSOCIATES, INC.3 Filed as: GARY WOOD ASSOCIATES INC. | 1180 AVENUE OF THE AMERICAS FLOOR 8 NEW YORK, NY 10036 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $11K | — | $11K | 8.40% |
| HOWARD M LORBER3 | 125 JERICHO HWY SUITE 501 JERICHO, NY 11753 | RELIANCE STANDARD LIFE INSURANCE COMPANY | $9K | — | $9K | 6.60% |
| HOWARD M LORBER3 | 125 JERICHO HWY SUITE 501 JERICHO, NY 11753 | FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY | $59 | — | $59 | 13.23% |
| GARY WOOD ASSOCIATES, INC.3 Filed as: GARY WOOD ASSOCIATES | 1180 AVENUE OF THE AMERICAS FLOOR 8 NEW YORK, NY 10036 | FIRST RELIANCE STANDARD LIFE INSURANCE COMPANY | $30 | — | $30 | 6.73% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GARY WOOD ASSOCIATES NONE | Insurance agents and brokers Service code 22 | 1180 AVENUE OF THE AMERICAS FLOOR 8 NEW YORK, NY 10036 | $11K |
| HOWARD M. LORBER NONE | Insurance agents and brokers Service code 22 | C/O HALLMAN LORBER ASSOCIATES 125 JERICHO TPKE SUIITE 501 JERICHO, NY 11753 | $9K |
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 | 314 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 314 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Long-term disability(2 contracts, 2 carriers) | RELIANCE STANDARD LIFE INSURANCE COMPANY | 158 | $131K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 158 | — |
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.