| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| FRINGE BENEFITS ANALYST LLC3 Filed as: FRINGE BENEFIT ANALYST | 393 W GORDAN AVE STE1 LAYTON, UT 84041 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $24K | — | $24K | 4.12% |
| GCG FINANCIAL LLC3 Filed as: BANASKY AN ALERA INSURANCE AGENCY | 913 W BAXTER DR SOUTH JORDAN, UT 84095 | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $18K | — | $18K | 3.05% |
| GCG FINANCIAL LLC3 Filed as: BANASKY, AN ALERA INSURANCE AGENCY | 913 W BAXTER DR SOUTH JORDAN, UT 84095 | PRINCIPAL LIFE INSURANCE COMPANY | $13K | $6K | $19K | 16.21% |
| GCG FINANCIAL LLC3 Filed as: ALERA GROUP, INC DBA ARMS | 965 GREENTREE RD STE 110 PITTSBURGH, PA 15224 | PRINCIPAL LIFE INSURANCE COMPANY | — | $1K | $1K | 1.08% |
| GCG FINANCIAL LLC3 Filed as: BANASKY, AN ALERA INSURANCE AGENCY | 913 W BAXTER DR SOUTH JORDAN, UT 84095 | PRINCIPAL LIFE INSURANCE COMPANY | -$1K | — | -$1K | -1.11% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE CO EIN 59-1031071 CLAIMS PROCESSOR | Float revenue; Contract Administrator; Named fiduciary; Direct payment from the plan; Claims processing; Non-monetary compensation; Other services; Participant communication Service code 12 | — | $11K |
| CIGNA | Non-monetary compensation; Claims processing; Contract Administrator; Named fiduciary; Float revenue; Participant communication; Other services; 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 | 114 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 114 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 115 | $578K |
| Dental(2 contracts, 2 carriers) | CIGNA HEALTH AND LIFE INSURANCE COMPANY | 152 | $695K |
| Vision | PRINCIPAL LIFE INSURANCE COMPANY | 152 | $117K |
| Life insurance | PRINCIPAL LIFE INSURANCE COMPANY | 152 | $117K |
| Long-term disability | PRINCIPAL LIFE INSURANCE COMPANY | 152 | $117K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 152 | — |
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."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Multiple-employer welfare arrangement. Specific regulatory and compliance context; specific consultant niche.