Covation Inc.benefits
The Career Transition Financial Assistance Plan · NEWARK, DE · plan year 2025
Broker compensation reported · 2025
$6,425
Covation Inc.'s benefits plans covered 129 active participants in 2025. Insurance premiums totaled $17,344. Insurance brokers and agents were paid $6,425 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 37.0% of premiums. That is $50 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 59% from $15,818 in 2024.
Insurance contracts · 20254
VISION BENEFITS OF AMERICA · vision$17K · 104 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health drug dentalpremiums n/a · 210 covered
HARTFORD LIFE AND ACCIDENT · life std ltdpremiums n/a · 127 covered
COMPSYCH CORPORATIONpremiums n/a · 200 covered
Brokers & agents paid · 20251
GALLAGHER BENEFIT SERVICES, INC.$6,425 · incl $6,425 fees
Also brokered by Gallagher5
Encompass Health Corporation AL$3,547,517
Florida Health Sciences Center, Inc. FL$3,300,730
Academic Medical Group FL$3,300,730
Prisma Health SC$2,123,789
Ahs Management Company, Inc. TN$2,061,754
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 861255351 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.