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Sponsor portfolioWelfare / HealthEIN 33-1859358
NOVANTA CORP
125 MIDDLESEX TURNPIKE · BEDFORD, MA 01730
7812665819
- Plans filed
- 4
- Years active
- 2016–2025
- Industry
- NAICS 33
- Latest filing
- 2025
Total premiums (latest)
$1.1M
No prior year
Persons covered
1,717
No prior year
Total participants
1,150
No prior year
Plans filed
4
No prior year
Plans under this sponsor
4 plans
Plan #501$1.1M
NOVANTA MEDICAL EXPENSE PLAN
Mixed1,610 covered·4 carriers
Primary: KAISER FOUNDATION HEALTH PLAN INC
Plan #507$1.1M
NOVANTA MEDICAL EXPENSE PLAN
Mixed1,717 covered·6 carriers
Primary: SUN LIFE ASSURANCE COMPANY OF CANADA
Plan #508$0
NOVANTA, INC. SALARY CONTINUATION PLAN
Self-funded0 covered·0 carriers
Plan #509$0
NOVANTA, INC. SALARY CONTINUATION PLAN
Self-funded0 covered·0 carriers
Coverage overview
Aggregate, latest year
| Benefit type | Premium | Share | Distribution |
|---|---|---|---|
| Other | $972K | 35.8% | |
| Life | $806K | 29.7% | |
| Long-term disability | $806K | 29.7% | |
| Vision | $129K | 4.8% |
Carrier overview
5 carriers · all plans
| Carrier | Coverage | Total premium | Share | Plans | Contracts | Covered |
|---|---|---|---|---|---|---|
EIN 381082080 | LLTDOth | $806K | 73.2% | 1 | 1 | 1,076 |
EIN 042381280 | Oth | $153K | 13.9% | 1 | 2 | 129 |
EIN 430949844 | V | $129K | 11.7% | 1 | 1 | 1,717 |
EIN 364233459 | Oth | $13K | 1.2% | 1 | 1 | 1,076 |
EIN 953493616 | $0 | 0.0% | 1 | 1 | 3 |
Broker overview
5 brokers · all plans
| Broker | Loc | Carriers | Commissions | Fees | Total comp | Share | Plans |
|---|---|---|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | BOSTON, MA | SUN LIFE ASSURANCE COMPANY OF CANADA, EYEMED VISION CARE, UNUM INSURANCE COMPANY | $120K | $506K | $626K | 96.5% | 1 |
| MARSH & MCLENNAN AGENCY LLC | GREENSBORO, NC | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY, UNUM INSURANCE COMPANY | $8K | $1K | $9K | 1.4% | 1 |
| MCGRIFF INSURANCE SERVICES INC | CHARLOTTE, NC | SUN LIFE ASSURANCE COMPANY OF CANADA | $0 | $6K | $6K | 0.9% | 1 |
| LOCKTON COMPANIES, LLC | KANSAS CITY, MO | ZURICH AMERICAN INSURANCE COMPANY | $4K | $0 | $4K | 0.6% | 1 |
| ALLIANT INSURANCE SERVICES, INC. | SAN DIEGO, CA | PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY | $2K | $2K | $4K | 0.6% | 1 |
History & trajectory
10 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.
Policy details
Latest year, by plan