| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 2828 EAST SETAUKET, NY 11733 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $26K | $68K | $94K | 5.01% |
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 2828 EAST SETAUKET, NY 11733 | NY LIFE GROUP LIFE INSURANCE CO. OF NY | $5K | — | $5K | 1.95% |
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 2828 EAST SETAUKET, NY 11733 | NY LIFE GROUP LIFE INSURANCE CO. OF NY | $5K | — | $5K | 2.85% |
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 2828 EAST SETAUKET, NY 11733 | NY LIFE GROUP LIFE INSURANCE CO. OF NY | $5K | — | $5K | 6.48% |
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 1828 EAST SETAUKET, NY 11733 | NY LIFE GROUP LIFE INSURANCE CO. OF NY | $3K | — | $3K | 5.42% |
| BENEFIT MGMT. SOLUTIONS Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 1828 EAST SETAUKET, NY 11733 | VISION CARE | $2K | — | $2K | 3.74% |
| BENEFIT MGMT. SOLUTIONS3 Filed as: BENEFIT MANAGEMENT SOLUTIONS | PO BOX 2828 EAST SETAUKET, NY 11733 | NY LIFE GROUP LIFE INSURANCE CO. OF NY | $2K | — | $2K | 8.20% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INS. CO. EIN 59-1031071 ADMIN. SVCS. AGREEMENT | Non-monetary compensation; Other services; Direct payment from the plan; Contract Administrator; Claims processing; Named fiduciary; Participant communication; Float revenue Service code 12 | — | $829K |
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 | 558 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 32 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 590 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,101 | $1.9M |
| Vision | VISION CARE | 380 | $49K |
| Life insurance | NY LIFE GROUP LIFE INSURANCE CO. OF NY | 561 | $183K |
| Short-term disability | NY LIFE GROUP LIFE INSURANCE CO. OF NY | 115 | $60K |
| Long-term disability | NY LIFE GROUP LIFE INSURANCE CO. OF NY | 561 | $71K |
| Stop-loss / reinsurancereinsurance | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,101 | $1.9M |
| Other(3 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 1,289 | $2.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,289 | — |
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."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.