| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH SALDANA INC | PO BOX 9023549 SAN JUAN, PR 00902 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $22K | — | $22K | 12.76% |
| CENTRAL GROUP INSURANCE AGENCY3 Filed as: CENTRAL GROUP INSURANCE A | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $2K | $7K | $8K | 5.00% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH SALDANA INC | PO BOX 9023549 SAN JUAN, PR 00902 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $11K | — | $11K | 15.00% |
| CENTRAL GROUP INSURANCE AGENCY3 Filed as: CENTRAL GROUP INSURANCE A | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $757 | $3K | $4K | 5.00% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH SALDANA INC | PO BOX 9023305 SAN JUAN, PR 00902 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $2K | — | $2K | 14.82% |
| CENTRAL GROUP INSURANCE AGENCY3 Filed as: CENTRAL GROUP INSURANCE A | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | $127 | $424 | $551 | 4.94% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MCS LIFE INSURACE COMPANY EIN 66-0520918 TPA | Contract Administrator Service code 13 | PO BOX 193310 SAN JUAN, PR 00909 | $445K |
| MARSH SALDANA INC EIN 66-0307769 BROKER | Insurance agents and brokers Service code 22 | PO BOX 9023549 SAN JUAN, PR 00902 | $57K |
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 | 719 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 719 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | 719 | $169K |
| Long-term disability | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | 719 | $73K |
| Other(2 contracts) | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | 719 | $180K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 719 | — |
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.