Novanta Corp.
Overview
Novanta Corp. sponsors a self-funded health plan that covered 1,283 participants in plan year 2025, up 4% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 1,283 · prior year 1,237
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Novanta Medical Expense Plan, plan 507 (1,283 participants)
- Broker compensation
- $649K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Life, Long-term disability | 1,076 | $806K | $100K |
| Eyemed Vision Care | Vision | 1,717 | $129K | $12K |
| Unum Insurance Company | Critical Illness, Accident, Hospital Ind | 129 | $104K | $521K |
| Zurich American Insurance Company | Business Travel Accident | 1,076 | $13K | $4K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 1,283 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Novanta Corp.
- Sponsor EIN
- 33-1859358
- Plan number
- 507
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 33-1859358 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: Novanta Corp.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Novanta Corp..