Novanta, Inc.benefits

Novanta, Inc.'s benefits plan covered 1,189 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance brokers and agents were paid $156,061 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $131 per covered person, below the median for employer plans that report broker pay.