Plan Ledger DOL Form 5500 · updated monthly

Innovative Produce, Inc.benefits

Innovative Produce, Inc. Welfare Benefits Plan · SANTA MARIA, CA · plan year 2024

Broker compensation reported · 2024
$10,677

Innovative Produce, Inc.'s benefits plans covered 134 active participants in 2024, providing life · dental · vision · death benefits. Insurance brokers and agents were paid $10,677 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $80 per covered person, below the median for employer plans that report broker pay. Broker pay fell 27% from $14,542 in 2023.

Insurance contracts · 20241
PRINCIPAL LIFE INSURANCE COMPANY · dental vision lifepremiums n/a · 188 covered
Brokers & agents paid · 20242
MORRIS & GARRITANO INSURANCE AGENCY$10,252 · incl $1,619 fees
MARSHBERRY CONNECT PLATFORM, LLC$425 · incl $425 fees
Also brokered by Morris & Garritano Insurance Agency5
Ixsystems CA$141,895

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 800314690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.