Redwood City, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
58 employers in Redwood City, California filed health plans with 100 or more participants for plan year 2024, covering 121,045 participants. They reported $6.5M in insurance premiums and $14M in broker commissions and fees. Against 2023, premiums were down 48.9% and broker pay rose 16.9%.
Funding: 2 fully insured · 2 self-funded · 54 mixed. 56 of 58 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in Redwood City
Redwood City employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP | $5,061,958 | $364,942 | 679 | Alliant Insurance Services |
| Zum Services | $1,013,663 | $479,500 | 2,199 | OneDigital |
| Preventative Screening Staffing Solutions LLC | $217,448 | $208,266 | 238 | The Baldwin Group |
| The Board of Trustees of Leland Stanford Junior University | $152,978 | $976,041 | 21,863 | Mercer |
| Natus Medical Incorporated | $70,512 | $105,317 | 679 | Marsh McLennan Agency |
| Oracle America, Inc. | $0 | $1,632,304 | 59,964 | Willis Towers Watson |
| DPR Construction a General Partnership | $0 | $390,584 | 6,723 | Willis Towers Watson |
| Electronic Arts Inc. | $0 | $208,623 | 4,938 | Mercer |
| Equinix, Inc. | $0 | $209,776 | 4,309 | Mercer |
| Box, Inc. | $0 | $483,984 | 1,772 | Lockton |
| Informatica LLC | $0 | $52,563 | 1,704 | Willis Towers Watson |
| Check Point Software Technologies, Inc. | $0 | $81,047 | 1,516 | USI Insurance Services |
| Nevro Corp | $0 | $165,359 | 970 | Abd Ins and Fin SVCS Inc |
| C3.Ai, Inc. | $0 | $394,811 | 794 | Johnson & Dugan Insurance Services |
| Meltwater News US Inc. | $0 | $423,598 | 675 | Abd Ins. and Financial SVCS., Inc. |
| Riverbed Technology, LLC | $0 | $160,686 | 667 | Lockton |
| Zuora, Inc. | $0 | $53,384 | 629 | Gallagher |
| Impossible Foods Inc. | $0 | $206,528 | 574 | USI Insurance Services |
| Model N Inc. | $0 | $497,558 | 565 | Acrisure |
| Poshmark, Inc. | $0 | $4,542 | 543 | Sequoia |
| The Chan Zuckerberg Initiative (czi) | $0 | $509,585 | 535 | Sequoia |
| Sumo Logic, Inc. | $0 | $395,250 | 455 | Sequoia |
| Alation, Inc. | $0 | $100,167 | 453 | Marsh McLennan Agency |
| Altos Labs, Inc. | $0 | $620,947 | 392 | OneDigital |
| Liftoff Mobile, Inc. | $0 | $327,868 | 366 | Sequoia |
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 Redwood City employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Sequoia | $2,558,322 | 10 |
| Willis Towers Watson | $2,076,107 | 5 |
| OneDigital | $1,424,330 | 9 |
| Mercer | $1,366,171 | 3 |
| Alliant Insurance Services | $1,131,589 | 6 |
| Lockton | $1,050,718 | 3 |
| Abd Ins. and Financial SVCS., Inc. | $623,699 | 5 |
| Marsh McLennan Agency | $602,505 | 9 |
| Acrisure | $510,597 | 4 |
| Johnson & Dugan Insurance Services | $372,493 | 1 |
Largest medical carriers
Medical premium written for these employers.
Redwood City 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.
| Redwood City | California | United States | |
|---|---|---|---|
| Employer plans | 58 | 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 | $176,904 | $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, 60 Redwood City employers reported $13M in premiums and $12M in broker pay for 123,730 participants; in 2024 it was $6.5M and $14M for 121,045 participants (premiums −48.9%, 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 Redwood City employers pay health insurance brokers?
58 Redwood City employers reported $14,036,400 in broker commissions and fees on their 2024 Form 5500 filings, 58 of them disclosing at least some compensation. Too few fully insured medical plans in Redwood City 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 Redwood City employer that disclosed broker pay reported $176,904.
Which Redwood City employers have the largest health plans?
By insurance premium reported for 2024, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP ($5.1M), Zum Services ($1.0M), Preventative Screening Staffing Solutions LLC ($217,448) lead. 25 Redwood City employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in Redwood City?
By compensation reported by Redwood City employers, the largest brokers are Sequoia ($2.6M, 10 plans), Willis Towers Watson ($2.1M, 5 plans), OneDigital ($1.4M, 9 plans). By medical premium, the largest carriers are Blue Cross Blue Shield of Massachusetts, Inc., Kaiser Foundation Health Plan, Inc., Blue Cross of California.
Are Redwood City employer health plans self-funded or fully insured?
Of 58 Redwood City employer plans, 2 are fully insured, 2 are self-funded and 54 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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