Novagard Solutionsbenefits
Novagard Solutions Inc. Welfare Benefit Plan · CLEVELAND, OH · plan year 2024
Novagard Solutions's benefits plans covered 132 active participants in 2024, providing health · life · dental · short-term disability · long-term disability. Insurance premiums totaled $68,724. Insurance brokers and agents were paid $76,819 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 111.8% of premiums. That is $582 per covered person, in the top quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.
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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 343493930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.