Novanta Corpbenefits
Novanta Medical Expense Plan · BEDFORD, MA · plan year 2025
Broker compensation reported · 2025
$648,609
Novanta Corp's benefits plans covered 1,076 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance brokers and agents were paid $648,609 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $603 per covered person, in the top quarter of employer plans that report broker pay. Brokers were paid 4.5x the $145,481 reported for 2024.
Insurance contracts · 20256
EYEMED VISION CARE · visionpremiums n/a · 1,717 covered
PETERSON INTERNATIONAL UNDERWRITERSpremiums n/a · 3 covered
PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANYpremiums n/a · 10 covered
UNUM INSURANCE COMPANYpremiums n/a · 129 covered
ZURICH AMERICAN INSURANCE COMPANYpremiums n/a · 1,076 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life ltdpremiums n/a · 1,076 covered
Brokers & agents paid · 20258
WILLIS TOWERS WATSON NORTHEAST$519,673 · incl $506,481 fees
MCGRIFF, A MARSH & MCLENNAN AGENCY$8,879 · incl $1,311 fees
MCGRIFF INSURANCE SERVICES LLC$6,006 · incl $6,006 fees
LOCKTON COMPANIES LLC$3,965
ALLIANT INSURANCE SERVICES INC$1,686 · incl $1,686 fees
Also brokered by Wtw5
Prysmian Cables and Sys. USA, LLC KY$2,501,925
Graphic Packaging International, LLC GA$1,575,523
Pilot Travel Centers, LLC TN$1,533,100
First-Citizens Bank & Trust Company NC$1,355,610
Flynn Restaurant Group OH$1,340,297
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 331859358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.