| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY AGENCY INC | 32 OAK ST BANGOR, ME 04401 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $31K | — | $31K | 14.21% |
| HOLDEN AGENCY3 Filed as: THE HOLDEN AGENCY | 1085 BRIGHTON AVENUE PORTLAND, ME 04104 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $8K | — | $8K | 3.66% |
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY AGENCY INC | 32 OAK ST BANGOR, ME 04401 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $3K | — | $3K | 7.31% |
| CROSS BENEFIT SOLUTIONS3 | 116 COMMUNITY DRIVE AUGUSTA, ME 04332 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $2K | — | $2K | 5.06% |
| CROSS BENEFIT SOLUTIONS3 | 116 COMMUNITY DRIVE AUGUSTA, ME 04332 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $1K | — | $1K | 7.71% |
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY AGENCY INC | 32 OAK ST BANGOR, ME 04401 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $1K | — | $1K | 7.61% |
| VARNEY & COMPANY BENEFITS ADVISORS3 Filed as: VARNEY AGENCY INC | 32 OAK ST BANGOR, ME 04401 | RED TREE INSURANCE COMPANY, INC. | $840 | — | $840 | 6.79% |
| VARNEY & COMPANY BENEFITS ADVISORS3 | 32 OAK ST BANGOR, ME 04401 | RED TREE INSURANCE COMPANY, INC. | $263 | — | $263 | 2.12% |
| COMBINED SERVICES LLC3 | PO BOX 1320 CONCORD, NH 033021320 | RED TREE INSURANCE COMPANY, INC. | $166 | — | $166 | 1.34% |
| HOLDEN AGENCY3 Filed as: THE HOLDEN AGENCY | 2331 CONGRESS ST PORTLAND, ME 041021907 | VISION SERVICE PLAN | $279 | — | $279 | 6.78% |
| CROSS BENEFIT SOLUTIONS3 | 2367 CONGRESS ST PORTLAND, ME 041021965 | VISION SERVICE PLAN | $131 | — | $131 | 3.18% |
| HOLDEN AGENCY3 Filed as: THE HOLDEN AGENCY | 1085 BRIGHTON AVENUE PORTLAND, ME 04104 | GERBER LIFE INSURANCE COMPANY | $174 | — | $174 | 14.44% |
| VANEY & COMAPNY BENEFITS ADVISORS3 | 383 US ROUTE 1, SUITE 1E SCARBOROUGH, ME 04074 | GERBER LIFE INSURANCE COMPANY | $6 | — | $6 | 0.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 MEDICAL ADMINISTRATOR | Contract Administrator Service code 13 | — | $157K |
| DELTA DENTAL PLAN OF MAINE EIN 01-0286541 DENTAL CLAIMS PROCESSING | Claims processing Service code 12 | — | $15K |
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 | 179 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 3 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 183 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 200 | $215K |
| Vision(2 contracts, 2 carriers) | RED TREE INSURANCE COMPANY, INC. | 193 | $16K |
| Life insurance(2 contracts) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 196 | $61K |
| Short-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 196 | $45K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 196 | $45K |
| Other(2 contracts, 2 carriers) | UNUM LIFE INSURANCE COMPANY OF AMERICA | 196 | $46K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 200 | — |
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.
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
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.