Novolex Holdings, LLCbenefits

Novolex Holdings, LLC's benefits plans covered 8,205 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $2,663,228. Insurance brokers and agents were paid $420,782 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 15.8% of premiums. That is $51 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 12% from $375,142 in 2023.