| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GARY LAPIDUS3 | PO BOX 547 WEIMAR, CA 95736 | SUN LIFE ASSURANCE COMPANY OF CANADA | $56K | $0 | $56K | 137.14% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BENEFIT RISK & MANAGEMENT SERVICES EIN 94-2378705 THIRD PARTY ADMINISTRATOR | Claims processing Service code 12 | 80 IRON POINT CIR #200 FOLSOM, CA 95630 | $43K |
| GARY LAPIDUS INSURANCE BROKER | Custodial (other than securities) Service code 18 | PO BOX 547 WEIMAR, CA 95736 | $21K |
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 | 103 | 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. |
| Beneficiaries receiving benefits | 0 | Spouses or dependents with eligibility independent of the participant. |
| Total participants (= "Plan participants" tile) | 103 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | SUN LIFE ASSURANCE COMPANY OF CANADA | 106 | $41K |
| Long-term disability | SUN LIFE ASSURANCE COMPANY OF CANADA | 106 | $41K |
| Stop-loss / reinsurancereinsurance | HCC LIFE | 111 | $126K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 111 | — |
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.
Schedule A presence shifted between filings (insured ↔ self-funded, or new contracts added/removed). Capture the transition window.