Plan Ledger DOL Form 5500 · updated monthly

Nova Biomedical Corporationbenefits

Nova Biomedical Corporation Health and Welfare Plan · WALTHAM, MA · plan year 2024

Broker compensation reported · 2024
$23,152

Nova Biomedical Corporation's benefits plans covered 1,208 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $23,152 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $19 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay fell 14% from $26,839 in 2023.

Insurance contracts · 20249
AXIS INSURANCE COMPANYpremiums n/a · 1,208 covered
FIDELITY SECURITY LIFE INSURANCE COMPANY · visionpremiums n/a · 1,329 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 327 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 916 covered
RELIANCE STANDARD LIFE INSURANCE COMPANYpremiums n/a · 111 covered
UNUM LIFE INSURANCE COMPANY OF AMERICApremiums n/a · 99 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · lifepremiums n/a · 1,185 covered
Brokers & agents paid · 20242
MERCER HEALTH AND BENEFITS, LLC$23,119 · incl $2,811 fees
Also brokered by Mercer5
Lowes Companies, Inc. NC$10,259,702
Caterpillar Inc. TX$5,319,156

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 042592580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.