Innovo Benefits Group

Innovo Benefits Group is an employee benefits broker in Boston, Massachusetts, serving organisations of all sizes across the United States. It advises HR leaders on health plan renewals, retirement plans and day-to-day benefits administration.

What Innovo Benefits Group does

• Benefits plan consulting and marketing: reviewing and taking benefits programmes to market.
• Retirement plan design and management: building and running employer retirement plans.
• HR and benefits administration: technology and support for handling benefits work.
• Renewal negotiation: working with any insurance carrier rather than a fixed panel.

Who it serves

The firm serves large and small employers and offers personal service with a national reach. It says it keeps its objectivity by not holding back carrier bonuses and by using the same commission level across carriers.

Key facts

• Based in: Boston, Massachusetts
• Carrier approach: independent, no preferred panel
• Reported renewals: an average increase of 5.6% for groups of 50 or more with no change to plan design or funding