Tipp Distributors, Inc. dba Novamexbenefits
Tipp Distributors, Inc. dba Novamex Employee Benefit Plan · EL PASO, TX · plan year 2025
Broker compensation reported · 2025
$100,643
Tipp Distributors, Inc. dba Novamex's benefits plans covered 142 active participants in 2025, providing health · life · dental · short-term disability · long-term disability · other. Insurance brokers and agents were paid $100,643 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $709 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 13% from $88,684 in 2024.
Insurance contracts · 20255
LIFE INSURANCE COMPANY OF NORTH AMERICA · lifepremiums n/a · 477 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · ltdpremiums n/a · 132 covered
LIFE INSURANCE COMPANY OF NORTH AMERICApremiums n/a · 476 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY · health dental visionpremiums n/a · 820 covered
LIFE INSURANCE COMPANY OF NORTH AMERICA · stdpremiums n/a · 132 covered
Brokers & agents paid · 20252
MARSH & MCLENNAN AGENCY LLC$99,748
THE NIA GROUP A MARSH & MCLENNAN AG$895 · incl $895 fees
Also brokered by Marsh McLennan Agency5
Rme LTD. LLC CO$10,578,643
Truist Financial Corporation NC$2,912,639
The Goodyear Tire & Rubber Company OH$1,999,036
Netcracker Technology Corporation MA$1,935,435
Breeze Aviation Group, Inc UT$1,518,374
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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 742444846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.