Plan Ledger DOL Form 5500 · updated monthly

Scitec Innovations, LLCbenefits

Scitec Innovations, LLC Health and Welfare Plan · PRINCETON, NJ · plan year 2025

Broker compensation reported · 2025
$271,132

Scitec Innovations, LLC's benefits plan covered 470 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $271,132 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $577 per covered person, in the top quarter of employer plans that report broker pay.

Insurance contracts · 20253
HORIZON HEALTHCARE SERVICES, INC. · drugpremiums n/a · 227 covered
HORIZON HEALTHCARE SERVICES, INC. · healthpremiums n/a · 426 covered
PRINCIPAL LIFE INSURANCE COMPANY · dental vision life ltd ppopremiums n/a · 935 covered
Brokers & agents paid · 20255
DONALD C SAVOY INC$15,783 · incl $15,783 fees
MARTIN INS SERVICES INC$11,930 · incl $11,930 fees
RISK PLACEMENT SERVICES INC$112,829
PRINCETON HR SOLUTIONS LLC$104,317 · incl $18,928 fees
SAVOY ASSOCIATES$26,273
Also brokered by Donald C Savoy Inc5
Kearny Bank NJ$122,015
Newtekone FL$88,951

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 222255328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.