| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS RD SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $91K | $37K | $128K | 7.03% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 192 BALLARD CT STE 400 VIRGINIA BEACH, VA 23462 | SUN LIFE ASSURANCE COMPANY OF CANADA | $61K | — | $61K | 5.87% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 8 N KING ST NORTHHAMPTON, MA 01060 | SUN LIFE ASSURANCE COMPANY OF CANADA | $42K | — | $42K | 4.03% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $102K | $14K | $116K | 17.11% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $12K | $12K | 2.05% |
| AON CONSULTING INC3 Filed as: BSWIFT | 500 W MONROE SUITE 3800 CHICAGO, IL 60661 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $25K | $25K | 8.55% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP INC | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | — | $6K | $6K | 2.08% |
| SUMMIT GROUP OF VIRGINIA3 | 5029 CORPORATE WOODS DR SUITE 200 VIRGINIA BEACH, VA 23462 | LIFE INSURANCE COMPANY OF NORTH AMERICA | $32K | $3K | $36K | 22.14% |
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 | 5,393 | 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) | 5,393 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | LIFE INSURANCE COMPANY OF NORTH AMERICA | 5,393 | $293K |
| Short-term disability(2 contracts) | LIFE INSURANCE COMPANY OF NORTH AMERICA | 3,345 | $2.0M |
| Long-term disability | LIFE INSURANCE COMPANY OF NORTH AMERICA | 5,057 | $595K |
| Other(3 contracts, 2 carriers) | SUN LIFE ASSURANCE COMPANY OF CANADA | 2,109 | $1.9M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 5,393 | — |
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."
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.