BenefitsLedger
Benefits broker · Plan year 2024 · Form 5500 Schedule A

Innova Insurance Services Inc

Guaynabo, PR

Innova Insurance Services Inc collected $315,575 in commissions and fees from 18 employer health plans in plan year 2024 filings, ranking #1306 among 12,126 brokers named in the public record. Most of its named clients are in Puerto Rico.

Commissions + fees
$315,575
$220,763 commissions · $94,812 fees
Employer plans
18
28 contracts
Rank
#1306
top 11% of 12,126 brokers
Median rate
n/a
fewer than 10 insured medical plans

Largest clients

Employers whose filings reported the most compensation to this broker.

EmployerPaid to brokerParticipants
Msi Computer Corp · California$90,381203
Shims Bargain, Inc. dba JC Sales · California$72,808244
QTC Commercial Services, LLC · Pennsylvania$59,704168
Stockdale Management, LLC · California$25,134106
Guidant Puerto Rico, B.V. · Puerto Rico$18,0161,202
Universal Health Services · Puerto Rico$6,506271
South American Restaurants, Corp. · Puerto Rico$6,200695
Island Finance, LLC · Puerto Rico$6,170464
National College of Business & Technology Company Inc. · Puerto Rico$5,8871,390
Highgate Hotels LLC · Texas$5,682466
Alivia Health Network · Puerto Rico$4,675612
SMG · Pennsylvania$3,9464,234
Combe Products, Inc. · Puerto Rico$3,871111
Motorambar, Inc. · Puerto Rico$3,036193
Airport Shoppes, Corp. · Puerto Rico$1,657829
Sonesta International Hotels Corporation · Massachusetts$1,0006,227
Asociacion de Suscrpcion Conjunta · Puerto Rico$895114
GFR Services LLC · Puerto Rico$7330

Source: DOL Form 5500 Schedule A Part I, plan year 2024, grouped by broker name as filed. Dataset built October 24, 2026.

Where its clients are

Employer plans naming this broker, by employer state.

11 plans
3 plans
1 plans

How much does Innova Insurance Services Inc earn from employer health plans?

In plan year 2024 filings, employers reported paying Innova Insurance Services Inc $315,575: $220,763 in commissions and $94,812 in fees, across 28 insurance contracts at 18 employers. That ranks #1306 of 12,126 brokers in the public record.

What commission rate is paid on plans Innova Insurance Services Inc brokers?

Not enough fully insured medical plans name Innova Insurance Services Inc as the sole broker to compute a stable rate. The national median is 3.8% of premium.

Which employers use Innova Insurance Services Inc?

The largest reported payers in 2024 were Msi Computer Corp, Shims Bargain, Inc. dba JC Sales, QTC Commercial Services, LLC. Puerto Rico is its biggest state by employer count (11 plans).

Amounts are what employers reported on their own filings. They do not include compensation from carriers that is not tied to a specific contract, and names are grouped exactly as filed, so related entities can appear separately. How this record is built.

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A WellthCare benefits specialist reads your Form 5500 the way a fiduciary reviewer would and writes up what to take to your broker before renewal. Free, from the public record only.