Menlo Park, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
27 employers in Menlo Park, California filed health plans with 100 or more participants for plan year 2024, covering 77,353 participants. They reported $13M in insurance premiums and $4.6M in broker commissions and fees. Against 2023, premiums were up 7.1% and broker pay fell 16.4%.
Funding: 6 fully insured · 2 self-funded · 19 mixed. 21 of 27 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Menlo Park
Menlo Park employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Sri International | $12,548,138 | $51,893 | 1,569 | Willis Towers Watson |
| Meta Platforms, Inc. | $0 | $822,181 | 57,194 | Mercer |
| Open Text, Inc. | $0 | $919,140 | 5,756 | Mercer |
| Genesys Cloud Services, Inc. | $0 | $131,798 | 2,708 | Mercer |
| Robinhood Markets, Inc. | $0 | $27,367 | 2,285 | — |
| Grail, Inc. | $0 | $61,511 | 1,290 | Sequoia |
| Exponent, Inc. | $0 | $55,641 | 1,274 | Marsh McLennan Agency |
| Pacific Biosciences of California, Inc. | $0 | $31,245 | 617 | Lockton |
| Ah Capital Management, L.L.C. | $0 | $192,177 | 545 | Sequoia |
| Billiontoone, Inc. | $0 | $121,911 | 393 | Sequoia |
| Fuerst Group Inc, Keen Inc, Chrome Industries, and Project PM, LLC | $0 | $64,591 | 322 | Intermediary Services LLC |
| Gachina Landscape Management, Inc. Welfare Benefit Plan | $0 | $113,041 | 317 | Marsh McLennan Agency |
| Woodside Hospitality Group LTD | $0 | $36,431 | 294 | Johnson & Dugan Insurance Services |
| BLVD Residential Inc. | $0 | $142,956 | 293 | Sierra Benefit Solutions Ins SVCS |
| SB Investment Advisers (US), Inc. | $0 | $84,897 | 280 | Sequoia |
| Zazzle, Inc. | $0 | $91,124 | 269 | Sequoia |
| Novo Construction | $0 | $250,448 | 243 | Gallagher |
| SHR California Services, LLC | $0 | $64,000 | 237 | Lockton |
| Sight Sciences, Inc. | $0 | $17,367 | 225 | Marsh McLennan Agency |
| Sequoia Capital Operations, LLC | $0 | $559,160 | 215 | Sequoia |
| The William and Flora Hewlett Foundation | $0 | $62,813 | 167 | Alliant Insurance Services |
| Storey Hotel Management Group | $0 | $75,666 | 157 | Deep Blue Consulting Group, Inc. |
| Quicken Inc | $0 | $182,431 | 154 | Filice Insurance Services LLC |
| Ropers Majeski PC | $0 | $97,897 | 154 | Heffernan |
| Lightspeed Management Company, LLC | $0 | $140,811 | 134 | Krauter and Company LLC |
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 Menlo Park employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Mercer | $1,647,401 | 4 |
| Sequoia | $1,149,467 | 7 |
| Gallagher | $409,072 | 2 |
| Filice Insurance Services LLC | $177,989 | 1 |
| Abd Ins. and Financial SVCS., Inc. | $166,434 | 1 |
| Marsh McLennan Agency | $125,564 | 3 |
| Heffernan | $97,897 | 1 |
| Lockton | $95,245 | 2 |
| Sierra Benefit Solutions Ins SVCS | $87,694 | 1 |
| Alliant Insurance Services | $64,163 | 2 |
Largest medical carriers
Medical premium written for these employers.
Menlo Park 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.
| Menlo Park | California | United States | |
|---|---|---|---|
| Employer plans | 27 | 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 | $91,124 | $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, 34 Menlo Park employers reported $12M in premiums and $5.6M in broker pay for 99,606 participants; in 2024 it was $13M and $4.6M for 77,353 participants (premiums +7.1%, broker pay −16.4%).
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 Menlo Park employers pay health insurance brokers?
27 Menlo Park employers reported $4,642,382 in broker commissions and fees on their 2024 Form 5500 filings, 27 of them disclosing at least some compensation. Too few fully insured medical plans in Menlo Park 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 Menlo Park employer that disclosed broker pay reported $91,124.
Which Menlo Park employers have the largest health plans?
By insurance premium reported for 2024, Sri International ($13M), Meta Platforms, Inc. ($0), Open Text, Inc. ($0) lead. 25 Menlo Park employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Menlo Park?
By compensation reported by Menlo Park employers, the largest brokers are Mercer ($1.6M, 4 plans), Sequoia ($1.1M, 7 plans), Gallagher ($409,072, 2 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Kaiser Foundation Health Plan, Inc., Blue Cross of California.
Are Menlo Park employer health plans self-funded or fully insured?
Of 27 Menlo Park employer plans, 6 are fully insured, 2 are self-funded and 19 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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