Plan Ledger DOL Form 5500 · updated monthly

Nova-Tech Engineering, LLCbenefits

Nova-Tech Engineering, LLC Welfare Benefit Plan · WILLMAR, MN · plan year 2024

Broker compensation reported · 2024
$15,212

Nova-Tech Engineering, LLC's benefits plans covered 240 active participants in 2024, providing health · life · dental · vision · long-term disability · death benefits. Insurance brokers and agents were paid $15,212 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $63 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 8.1% from $14,068 in 2023.

Insurance contracts · 20244
DELTA DENTAL OF MINNESOTA · dentalpremiums n/a · 489 covered
METROPOLITAN LIFE INSURANCE COMPANY · life ltdpremiums n/a · 240 covered
QBE INSURANCEpremiums n/a · 2,458 covered
Brokers & agents paid · 20242
CONNER HEALTH AND BENEFITS$13,809 · incl $1,880 fees
PLANSOURCE BNFTS ADMINISTRATION INC$1,403
Also brokered by Conner Health and Benefits5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 202845550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.