| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| DISABILITY RMS5 | 300 SOUTHBOROUGH DRIVE, SUITE 200 SOUTH PORTLAND, ME 041066914 | NEW YORK LIFE INSURANCE COMAPNY | $0 | $7K | $7K | 16.00% |
| RAKESH BANSAL3 | 100 OVERLOOK CENTER 2ND FL SUITE 2012 PRINCETON, NJ 08540 | NEW YORK LIFE INSURANCE COMAPNY | $6K | $0 | $6K | 15.00% |
| RAKESH BANSAL3 Filed as: RAKESH R BANSAL | 10 HORSESHOE COUT MONROE TOWNSHIP, NJ 08831 | NEW YORK LIFE INSURANCE COMAPNY | $6K | $0 | $6K | 15.04% |
| DISABILITY RMS5 | 300 SOUTHBOROUGH DRIVE, SUITE 200 SOUTH PORTLAND, ME 041066914 | NEW YORK LIFE INSURANCE COMAPNY | $0 | $5K | $5K | 14.00% |
| RAKESH BANSAL3 | 100 OVERLOOK CENTER 2ND FL SUITE 2012 PRINCETON, NJ 08540 | NEW YORK LIFE INSURANCE COMAPNY | $5K | $0 | $5K | 15.00% |
| DISABILITY RMS5 | 300 SOUTHBOROUGH DRIVE, SUITE 200 SOUTH PORTLAND, ME 041066914 | NEW YORK LIFE INSURANCE COMAPNY | $0 | $5K | $5K | 15.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| RAKESH BANSAL NONE | Insurance agents and brokers Service code 22 | 1 HORSESHOE COURT MONROE, NJ 08881 | $44K |
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 | 283 | 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) | 283 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | AETNA LIFE INSURANCE COMPANY | 283 | $1.8M |
| Dental | AETNA LIFE INSURANCE COMPANY | 283 | $1.8M |
| Vision | AETNA LIFE INSURANCE COMPANY | 283 | $1.8M |
| Life insurance | NEW YORK LIFE INSURANCE COMAPNY | 239 | $38K |
| Short-term disability | NEW YORK LIFE INSURANCE COMAPNY | 239 | $43K |
| Long-term disability | NEW YORK LIFE INSURANCE COMAPNY | 239 | $36K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 283 | — |
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."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Primary broker changed. Recently changed advisors; vulnerable to a second-look pitch or hostile takeover.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.