Innovation Associates, Inc.benefits

Innovation Associates, Inc.'s benefits plans covered 533 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $7,267,642. Insurance brokers and agents were paid $240,590 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.3% of premiums. That is $451 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 6.6% from $257,707 in 2024.