| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MAGNET INSURANCE3 | 270 SYLVAN AVE SUITE 2260 ENGLEWOOD CLIFFS, NJ 07632 | GERBER LIFE | $18K | — | $18K | 10.00% |
| KENT REINSURANCE SOLUTIONS3 | 231 INDIAN TRAIL DRIVE FRANKLIN LAKES, NJ 07417 | GERBER LIFE | $1K | — | $1K | 0.57% |
| MAGNET INSURANCE3 | 270 SYLVAN AVE SUITE 2260 ENGLEWOOD CLIFFS, NJ 07632 | GERBER LIFE | $10K | — | $10K | 13.50% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| AMERICAN PLAN ADMINISTRATORS EIN 20-0701442 CONTRACT ADMINISTRATOR | Claims processing; Contract Administrator Service code 12 | 18 HEYWARD STREET BROOKLYN, NY 11211 | $105K |
| EAGLE NORTH LLC THIRD PARTY ADMINISTRATOR | Recordkeeping and information management (computing, tabulating, data processing, etc.) Service code 15 | 202 CATON AVENUE BROOKLYN, NY 11218 | $104K |
| SMITH RX PRESCRIPTION DRUG VENDOR | Other services Service code 49 | 300 BRANNAN STREET SUITE 601 SAN FRANCISCO, CA 94107 | $16K |
| FASTEN HALBERSTAM PLAN AUDITOR | Accounting (including auditing) Service code 10 | 40 WALL STREET SUITE 3602 NEW YORK, NY 10005 | $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 | 357 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 357 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Stop-loss / reinsurancereinsurance(2 contracts) | GERBER LIFE | 87 | $260K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 87 | — |
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.
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.