Plan Ledger DOL Form 5500 · updated monthly

Lendbuzz, Inc.benefits

Lendbuzz Employee Benefit Plan · BOSTON, MA · plan year 2024

Broker compensation reported · 2024
$151,232

Lendbuzz, Inc.'s benefits plans covered 420 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance brokers and agents were paid $151,232 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $360 per covered person, above the median for employer plans that report broker pay. Broker pay rose 30% from $115,926 in 2023.

Insurance contracts · 20243
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dentalpremiums n/a · 316 covered
VISION SERVICE PLAN · visionpremiums n/a · 251 covered
PRUDENTIAL INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 420 covered
Brokers & agents paid · 20246
INNOVO BENEFITS GROUP, LLC$135,578
COMPSYCH$2,669 · incl $2,669 fees
INNOVO BENEFITS GROUP LLC$12,271
IMG$77 · incl $77 fees
RISK PLACEMENT SERVICES$34
Also brokered by Innovo Benefits Group, LLC4

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 475047556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.