Plan Ledger DOL Form 5500 · updated monthly

Novatech, LLCbenefits

Novatech, LLC Group Welfare Plan · BETHLEHEM, PA · plan year 2024

Broker compensation reported · 2024
$35,316

Novatech, LLC's benefits plans covered 284 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $35,316 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $124 per covered person, below the median for employer plans that report broker pay. Broker pay rose 122% from $15,939 in 2023.

Insurance contracts · 20245
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 155 covered
SUN LIFE ASSURANCE COMPANY OF CANADA · life std ltdpremiums n/a · 155 covered
AETNA LIFE INSURANCE CO. · dental visionpremiums n/a · 284 covered
METLIFE LEGAL PLANSpremiums n/a · 22 covered
METROPOLITAN LIFE INSURANCE COMPANYpremiums n/a · 82 covered
Brokers & agents paid · 20246
THE EQUINOX AGENCY LLC$19,565
JAMES R NELLIGAN & ASSOCIATES LLC$10,376 · incl $4,187 fees
CORPORATE SYNERGIES GROUP LLC$4,192 · incl $4,192 fees
EQUINOX BENEFITS SOLUTIONS$660 · incl $34 fees
CORPORATE SYNERGIES GROUP INC$296 · incl $20 fees
Individual agent · names withheld$227

Individual agents paid under $1,000 on this filing are shown as a total. The amounts are as filed; only the personal names are withheld.

Also brokered by The Equinox Agency LLC5

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 481175730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.