Invio Automation, Incbenefits
Invio Automation Group Insurance Plan · LANSING, MI · plan year 2024
Invio Automation, Inc's benefits plans covered 399 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $4,339,730. Insurance brokers and agents were paid $107,975 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.5% of premiums. That is $271 per covered person, above the median for employer plans that report broker pay. Broker pay fell 37% from $171,702 in 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 833107759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.