Plan Ledger DOL Form 5500 · updated monthly

The Innovation Group, Inc.benefits

The Innovation Group Health & Welfare Plan · SCHAUMBURG, IL · plan year 2024

Broker compensation reported · 2024
$65,378

The Innovation Group, Inc.'s benefits plans covered 26 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $65,378 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $2,515 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 4.0% from $68,072 in 2023.

Insurance contracts · 20242
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA · life std ltdpremiums n/a · 23 covered
UNITEDHEALTHCARE INSURANCE COMPANY · healthpremiums n/a · 157 covered
Brokers & agents paid · 20241
GALLAGHER BENEFIT SERVICES INC$65,378 · incl $49,645 fees
Also brokered by Gallagher5
Chem Carriers, LLC LA$5,531,992

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Source: DOL Form 5500 Schedule A, plan year 2024, EIN 510406813 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.