Fremont, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
53 employers in Fremont, California filed health plans with 100 or more participants for plan year 2024, covering 54,680 participants. They reported $34M in insurance premiums and $8.8M in broker commissions and fees. Against 2023, premiums were down 3.2% and broker pay rose 5.5%.
Funding: 18 fully insured · 1 self-funded · 34 mixed. 35 of 53 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Fremont
Fremont employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Board of Trustees of Teamsters Benefit Trust | $18,817,363 | $58,198 | 18,830 | Benefitmall |
| Lam Research Corporation | $9,326,428 | $1,004,295 | 7,189 | Custom Benefit Programs Inc. |
| FM Industries, Inc. | $4,861,799 | $239,784 | 915 | Abd Ins. and Financial SVCS., Inc. |
| RK Electric, Inc. | $281,461 | $117,358 | 145 | Marsh McLennan Agency |
| Delta Electronics (americas) LTD. | $122,808 | $137,631 | 443 | Woodruff Sawyer |
| Kidango, Inc. | $66,190 | $347,276 | 657 | Alliant Insurance Services |
| TD Synnex Corporation | $37,893 | $57,582 | 7,889 | Lockton |
| Seagate US LLC | $0 | $204,183 | 3,629 | Aon |
| Milestone Technologies, Inc. | $0 | $123,423 | 1,846 | Marsh McLennan Agency |
| The New Iem, LLC | $0 | $723,609 | 1,006 | Heffernan |
| Enphase Energy, Inc. | $0 | $104,106 | 999 | Alliant Insurance Services |
| Direct Line Global, LLC | $0 | $301,275 | 883 | Marsh McLennan Agency |
| Weee! Inc | $0 | $203,744 | 876 | RSC Insurance Brokerage Inc |
| Abode Services | $0 | $277,061 | 637 | IMA Financial |
| SMTC Corporation | $0 | $217,019 | 627 | Acrisure |
| Bay Area Community Health | $0 | $101,587 | 540 | Gallagher |
| Enovix Corporation | $0 | $191,260 | 361 | EPIC Insurance Brokers |
| Asus Computer International | $0 | $268,095 | 360 | HUB International |
| Dryco Construction, Inc. | $0 | $107,375 | 348 | Acrisure |
| Sonic Manufacturing Technologies | $0 | $132,756 | 338 | Nixon Insurance Agency & Brokerage |
| Soundthinking, Inc. | $0 | $313,725 | 319 | NFP |
| Elma Electronic Inc. | $0 | $181,503 | 301 | Acrisure |
| Rahi Systems, Inc | $0 | $233,682 | 297 | Patrick Whitaker |
| Neuralink Corp | $0 | $63,608 | 293 | NFP |
| Alom Technologies Corporation | $0 | $24,641 | 264 | Heffernan |
Source: DOL Form 5500 Schedule A, plan year 2024; employers are grouped by the sponsor's mailing city as filed. Self-funded employers show only stop-loss and ancillary premium.
Who gets paid
Commissions and fees reported by Fremont employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Marsh McLennan Agency | $817,372 | 5 |
| Heffernan | $808,544 | 3 |
| Custom Benefit Programs Inc | $745,958 | 1 |
| Acrisure | $615,780 | 7 |
| Alliant Insurance Services | $378,454 | 4 |
| HUB International | $361,828 | 2 |
| NFP | $316,980 | 2 |
| IMA Financial | $302,284 | 2 |
| Woodruff Sawyer | $298,456 | 4 |
| Gallagher | $295,461 | 3 |
Largest medical carriers
Medical premium written for these employers.
Fremont against California and the U.S.
Medians over the same definitions on every BenefitsLedger page: commission rate on commission-paying, fully insured medical plans; broker pay per employer that disclosed any; medical premium per covered person.
| Fremont | California | United States | |
|---|---|---|---|
| Employer plans | 53 | 6,836 | 58,547 |
| Median commission rate | n/a | 4.0% | 3.8% |
| Middle half of rates | n/a | 0.6% – 6.3% | 2.7% – 5.0% |
| Median broker pay per employer | $123,423 | $104,298 | $72,628 |
| Medical premium per covered person | n/a | $6,689 | $7,274 |
| Plans reporting no commission | 0 | 25 | 933 |
Year over year. In plan year 2023, 50 Fremont employers reported $35M in premiums and $8.3M in broker pay for 57,235 participants; in 2024 it was $34M and $8.8M for 54,680 participants (premiums −3.2%, broker pay +5.5%).
Source: DOL Form 5500 and Schedule A, plan years 2024 and 2023, employer health plans with 100 or more participants; built October 24, 2026. Medians need at least 10 rated plans to be shown for a city. Methodology.
How much do Fremont employers pay health insurance brokers?
53 Fremont employers reported $8,754,559 in broker commissions and fees on their 2024 Form 5500 filings, 53 of them disclosing at least some compensation. Too few fully insured medical plans in Fremont reported premium to compute a stable commission rate; the California median is 4.0% and the U.S. median is 3.8%. In dollars, the median Fremont employer that disclosed broker pay reported $123,423.
Which Fremont employers have the largest health plans?
By insurance premium reported for 2024, Board of Trustees of Teamsters Benefit Trust ($19M), Lam Research Corporation ($9.3M), FM Industries, Inc. ($4.9M) lead. 25 Fremont employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Fremont?
By compensation reported by Fremont employers, the largest brokers are Marsh McLennan Agency ($817,372, 5 plans), Heffernan ($808,544, 3 plans), Custom Benefit Programs Inc ($745,958, 1 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Triple S Salud, Inc., Kaiser Foundation Health Plan, Inc..
Are Fremont employer health plans self-funded or fully insured?
Of 53 Fremont employer plans, 18 are fully insured, 1 are self-funded and 34 mix insured and self-funded coverage. Self-funded plans report only stop-loss and ancillary contracts on Schedule A, so their premium and broker pay understate total spend.
Other cities in California
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