Plan Ledger DOL Form 5500 · updated monthly

Innovation Ventures, LLC D.B.A. Living Essentialsbenefits

Innovation Ventures, LLC D.B.A. Living Essentials Welfare Benefits Plan · FARMINGTON HILLS, MI · plan year 2025

Broker compensation reported · 2025
$17,871

Innovation Ventures, LLC D.B.A. Living Essentials's benefits plans covered 510 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance brokers and agents were paid $17,871 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $35 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 19% from $22,003 in 2024.

Insurance contracts · 20253
UNUM LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 644 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 753 covered
Brokers & agents paid · 20251
JAMES R NELLIGAN & ASSOCIATES$17,871 · incl $6,040 fees
Also brokered by James R Nelligan & Associates5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 383543942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.