| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| ADVANTEDGE BENEFITS GROUP CORP3 | 25 LONGELL DRIVE WAYNE, NJ 07470 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $9K | — | $9K | 5.65% |
| FNA INSURANCE SERVICES INC3 Filed as: FNA INS SERVICES INC | 300 CONNELL DRIVE SUITE 3000 BERKELEY HEIGHTS, NJ 07922 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | — | $8K | $8K | 4.98% |
| DINO STAMPONE3 | 25 LONGELL DR WAYNE, NJ 07470 | METROPOLITAN LIFE INSURANCE COMPANY | $2K | — | $2K | 6.19% |
| CENTRO BENEFITS RESEARCH LLC3 | 24500 CHAGRIN BLVD STE 365 BEACHWOOD, OH 44122 | METROPOLITAN LIFE INSURANCE COMPANY | $1K | $223 | $1K | 4.10% |
| JAMES R NELLIGAN & ASSOCIATES LLC3 | 1933 STATE ROUTE 35 STE 368 WALL, NJ 07719 | METROPOLITAN LIFE INSURANCE COMPANY | $354 | $71 | $425 | 1.30% |
| DIGITAL INSURANCE LLC3 Filed as: DIGITAL INS INC | 200 GALLERIA PKWY SE STE 1950 ATLANTA, GA 30339 | METROPOLITAN LIFE INSURANCE COMPANY | — | $41 | $41 | 0.13% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO. EIN 59-1031071 CLAIMS ADMINISTRATOR | Contract Administrator; Direct payment from the plan; Other services; Claims processing; Named fiduciary; Float revenue; Non-monetary compensation; Participant communication Service code 12 | — | $209K |
| ADVANTEDGE BENEFITS GROUP CORP BROKER | Insurance brokerage commissions and fees Service code 53 | 25 LONGELL DRIVE WAYNE, NJ 07470 | $100K |
| FNA INS SERVICES INC GENERAL AGENT | Insurance brokerage commissions and fees Service code 53 | 300 CONNELL DRIVE STE 3000 BERKELEY HEIGHTS, NJ 07922 | $23K |
| CIGNA | Participant communication; Contract Administrator; Other services; Non-monetary compensation; Claims processing; Named fiduciary; Float revenue; Direct payment from the plan Service code 12 | — | $0 |
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 | 150 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 2 | Continuation coverage (COBRA, retiree health). |
| Total participants (= "Plan participants" tile) | 152 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Dental | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 134 | $154K |
| Vision | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 134 | $154K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 150 | $33K |
| Other | METROPOLITAN LIFE INSURANCE COMPANY | 150 | $33K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 150 | — |
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.