Plan Ledger DOL Form 5500 · updated monthly

Novak Construction Company Inc.benefits

Novak Construction Company Inc Benefit Plan · CHICAGO, IL · plan year 2024

Broker compensation reported · 2024
$19,716

Novak Construction Company Inc.'s benefits plan covered 124 active participants in 2024, providing life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $19,716 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $159 per covered person, below the median for employer plans that report broker pay.

Insurance contracts · 20241
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · dental vision life std ltdpremiums n/a · 124 covered
Brokers & agents paid · 20241
MARSH & MCLENNAN AGENCY LLC$19,716 · incl $5,523 fees
Also brokered by Marsh McLennan Agency5
Sanford ND$4,316,517

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 363601452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.