Milpitas, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
23 employers in Milpitas, California filed health plans with 100 or more participants for plan year 2024, covering 14,482 participants. They reported $0 in insurance premiums and $4.3M in broker commissions and fees. Against 2023, premiums were unchanged and broker pay rose 16.9%.
Funding: 2 fully insured · 2 self-funded · 19 mixed. 21 of 23 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Milpitas
Milpitas employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Kla Corporation | $0 | $524,503 | 4,298 | Willis Towers Watson |
| Satellite Healthcare, Inc. | $0 | $512,908 | 1,918 | Robert C. Placak and Associates |
| Hoya Holdings, Inc. | $0 | $573,409 | 1,822 | Willis Towers Watson |
| Zensar Technologies | $0 | $136,154 | 863 | Marsh McLennan Agency |
| Headway Technologies, Inc. | $0 | $362,293 | 756 | Mercer |
| Sonicwall, Inc. | $0 | $50,722 | 521 | USI Insurance Services |
| Corsair Memory, Inc. | $0 | $170,231 | 502 | Nua Group LLC |
| Homefirst Services of Santa Clara County | $0 | $225,713 | 450 | Acrisure |
| S.J. Distributors LLC | $0 | $107,408 | 332 | Kcal Health Insurance Services |
| Solaredge Technologies, Inc. | $0 | $158,071 | 330 | The Bachan Group, LLC |
| Tarana Wireless, Inc. | $0 | $142,304 | 311 | OneDigital |
| Devcon Construction, Inc. | $0 | $376,058 | 294 | Sequoia |
| XL Construction Inc. | $0 | $121,811 | 282 | Sequoia |
| Arlo Technologies, Inc. | $0 | $139,795 | 241 | Woodruff Sawyer |
| La Plaza Market, LLC | $0 | $17,523 | 234 | Filice Insurance Services LLC |
| Integra Technologies Silicon Valley LLC | $0 | $75,248 | 234 | HUB International |
| VM Services, Inc. | $0 | $13,854 | 215 | EPIC Insurance Brokers |
| Northland Control Systems, Inc. | $0 | $122,598 | 182 | Abd Ins. and Financial SVCS., Inc. |
| Cleanwater1, Inc. | $0 | $100,782 | 182 | Alliant Insurance Services |
| Humane Society Silicon Valley | $0 | $79,362 | 139 | The Liberty Insurance Brokers |
| Preston Pipelines, Inc. | $0 | $144,524 | 137 | Filice Insurance Services LLC |
| TPV Group | $0 | $128,285 | 124 | EPIC Insurance Brokers |
| Stellartech Research Corporation | $0 | $17,471 | 115 | USI Insurance Services |
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 Milpitas employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Willis Towers Watson | $849,039 | 2 |
| Robert C. Placak and Associates | $472,190 | 1 |
| Sequoia | $426,324 | 2 |
| Mercer | $362,293 | 1 |
| Acrisure | $267,285 | 4 |
| Nua Group LLC | $166,369 | 1 |
| The Bachan Group, LLC | $155,901 | 1 |
| OneDigital | $142,304 | 1 |
| EPIC Insurance Brokers | $142,139 | 2 |
| Woodruff Sawyer | $139,795 | 1 |
Largest medical carriers
Medical premium written for these employers.
Milpitas 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.
| Milpitas | California | United States | |
|---|---|---|---|
| Employer plans | 23 | 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 | $136,154 | $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, 23 Milpitas employers reported $0 in premiums and $3.7M in broker pay for 13,521 participants; in 2024 it was $0 and $4.3M for 14,482 participants (broker pay +16.9%).
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 Milpitas employers pay health insurance brokers?
23 Milpitas employers reported $4,301,027 in broker commissions and fees on their 2024 Form 5500 filings, 23 of them disclosing at least some compensation. Too few fully insured medical plans in Milpitas 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 Milpitas employer that disclosed broker pay reported $136,154.
Which Milpitas employers have the largest health plans?
By insurance premium reported for 2024, Kla Corporation ($0), Satellite Healthcare, Inc. ($0), Hoya Holdings, Inc. ($0) lead. 23 Milpitas employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Milpitas?
By compensation reported by Milpitas employers, the largest brokers are Willis Towers Watson ($849,039, 2 plans), Robert C. Placak and Associates ($472,190, 1 plans), Sequoia ($426,324, 2 plans). By medical premium, the largest carriers are Anthem Blue Cross Life and Health Insurance Company, Kaiser Foundation Health Plan, Inc., Metropolitan Life Insurance Company.
Are Milpitas employer health plans self-funded or fully insured?
Of 23 Milpitas employer plans, 2 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
Is your company on this page? Get its Form 5500 read next to the Milpitas, California medians.
Tell us the company and a specialist writes up what the public Form 5500 record shows for it, if it files one: broker pay against the medians above, fee disclosure and filing timeliness, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.