| 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 | — | $28K | $28K | 13.24% |
| CENTRAL GROUP INSURANCE AGENCY3 | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | — | $11K | $11K | 5.37% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH SALDANA INC | PO BOX 9023549 SAN JUAN, PR 00902 | NEW YORK LIFE BENEFITS SOLUTIONS | $18K | — | $18K | 15.97% |
| CENTRAL GROUP INSURANCE AGENCY3 | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE BENEFITS SOLUTIONS | — | $6K | $6K | 5.32% |
| MARSH & MCLENNAN AGENCY LLC3 Filed as: MARSH SALDANDA INC | PO BOX 9023549 SAN JUAN, PR 00902 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | — | $3K | $3K | 15.97% |
| CENTRAL GROUP INSURANCE AGENCY3 | PO BOX 1868 DORADO, PR 00646 | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | — | $1K | $1K | 5.32% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| MCS LIFE INSURANCE COMPANY EIN 66-0520918 TPA | Contract Administrator Service code 13 | PO BOX 9023547 SAN JUAN, PR 00909 | $471K |
| MARSH SALDANA INC EIN 66-0307769 BROKER | Insurance agents and brokers Service code 22 | PO BOX 9023549 SAN JUAN, PR 00902 | $62K |
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 | 741 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 741 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Life insurance | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | 741 | $210K |
| Long-term disability | NEW YORK LIFE BENEFITS SOLUTIONS | 741 | $113K |
| Other(2 contracts) | NEW YORK LIFE GROUP BENEFITS SOLUTIONS | 741 | $231K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 741 | — |
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.