| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS RD SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $76K | $30K | $105K | 5.86% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 33 BUFORD VILLAGE WAY SUITE 329 BUFORD, GA 30518 | SUN LIFE ASSURANCE COMPANY OF CANADA | $71K | — | $71K | 5.77% |
| SUMMIT GROUP OF VIRGINIA3 Filed as: THE SUMMIT GROUP OF VIRGINIA LLP | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | SUN LIFE ASSURANCE COMPANY OF CANADA | $51K | — | $51K | 4.16% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $91K | $11K | $103K | 14.29% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $10K | $10K | 1.59% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $5K | $5K | 1.54% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $27K | $3K | $30K | 18.46% |
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 | 4,852 | 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) | 4,852 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 4,854 | $299K |
| Short-term disability(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 2,958 | $2.0M |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 4,485 | $598K |
| Other(3 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 3,300 | $2.1M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 4,854 | — |
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.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.