South San Francisco, California employer health plans: what they cost and who gets paid
Updated plan year 2024, the most recent complete year
37 employers in South San Francisco, California filed health plans with 100 or more participants for plan year 2024, covering 37,333 participants. They reported $11M in insurance premiums and $5.0M in broker commissions and fees. Against 2023, premiums were up 12.2% and broker pay rose 6.4%.
Funding: 9 fully insured · 2 self-funded · 26 mixed. 28 of 37 plans pay at least some medical claims from the employer's own assets.
Largest employer health plans in South San Francisco
South San Francisco employers reporting the most insurance premium across every Schedule A contract, with what they paid brokers.
| Employer | Premiums | Broker pay | Participants | Top broker |
|---|---|---|---|---|
| Sees Candy Shops Incorporated | $6,136,703 | $3,484 | 641 | Acrisure |
| Sees Candies, Inc. | $4,196,187 | $2,334 | 432 | Acrisure |
| Denali Therapeutics Inc. | $438,160 | $419,874 | 446 | Sequoia |
| Blue Matter LLC Health and Welfare Plan | $86,161 | $34,069 | 131 | HUB International |
| Genentech, Inc. | $0 | — | 23,283 | — |
| Stripe, Inc | $0 | $144,112 | 4,539 | Willis Towers Watson |
| Twist Bioscience Corporation | $0 | $771,430 | 816 | Abd Ins. and Financial SVCS., Inc. |
| Zipline Holdings Inc. | $0 | $87,600 | 668 | HUB International |
| Aspiranet | $0 | $157,257 | 645 | Verus Insurance Services, LLC |
| Veracyte, Inc. | $0 | $475,551 | 544 | Sequoia |
| Cytokinetics, Inc. | $0 | $194,661 | 437 | Willis Towers Watson |
| SSF Imported Auto Parts, LLC | $0 | $109,658 | 318 | Accessehr Insurance Services, Inc. |
| Lyell Immunopharma, Inc. | $0 | $295,094 | 299 | Lockton |
| Theravance Biopharma U.S. LLC | $0 | $156,870 | 295 | Marsh McLennan Agency |
| Sutro Biopharma, Inc. | $0 | $419,189 | 282 | OneDigital |
| Arsenal Biosciences | $0 | $86,654 | 273 | Marsh McLennan Agency |
| Tactivos Inc | $0 | $305,708 | 269 | Sequoia |
| Insitro, Inc. | $0 | $86,076 | 248 | Advocate, Inc. |
| Dome Construction Corporation | $0 | $69,111 | 241 | Gallagher |
| Euromotors, Inc. | $0 | $131,897 | 239 | USI Insurance Services |
| Alector, LLC | $0 | $144,598 | 224 | Lumity, Inc. |
| Standard Biotools Inc. | $0 | $18,341 | 198 | Brown & Brown |
| Aechelon Technology, Inc. | $0 | $48,017 | 158 | Sequoia |
| Rigel Pharmaceuticals Inc. | $0 | $39,931 | 148 | Marsh McLennan Agency |
| Akasa, Inc. | $0 | $118,594 | 139 | 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 South San Francisco employers, with the number of employer plans naming each broker.
| Broker | Commissions + fees | Plans |
|---|---|---|
| Sequoia | $1,318,244 | 6 |
| Abd Ins. and Financial SVCS., Inc. | $840,146 | 3 |
| OneDigital | $484,336 | 2 |
| Marsh McLennan Agency | $375,224 | 6 |
| Lockton | $295,093 | 1 |
| Willis Towers Watson | $271,440 | 4 |
| Vita Insurance Associates, Inc. | $222,633 | 2 |
| Verus Insurance Services, LLC | $157,226 | 1 |
| USI Insurance Services | $148,557 | 2 |
| HUB International | $118,682 | 3 |
Largest medical carriers
Medical premium written for these employers.
South San Francisco 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.
| South San Francisco | California | United States | |
|---|---|---|---|
| Employer plans | 37 | 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 | $83,194 | $104,298 | $72,628 |
| Medical premium per covered person | n/a | $6,689 | $7,274 |
| Plans reporting no commission | 2 | 25 | 933 |
Year over year. In plan year 2023, 36 South San Francisco employers reported $9.7M in premiums and $4.7M in broker pay for 38,050 participants; in 2024 it was $11M and $5.0M for 37,333 participants (premiums +12.2%, broker pay +6.4%).
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 South San Francisco employers pay health insurance brokers?
37 South San Francisco employers reported $5,037,411 in broker commissions and fees on their 2024 Form 5500 filings, 36 of them disclosing at least some compensation. Too few fully insured medical plans in South San Francisco 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 South San Francisco employer that disclosed broker pay reported $83,194.
Which South San Francisco employers have the largest health plans?
By insurance premium reported for 2024, Sees Candy Shops Incorporated ($6.1M), Sees Candies, Inc. ($4.2M), Denali Therapeutics Inc. ($438,160) lead. 25 South San Francisco employers are listed on this page; every employer in the record has its own page.
Which brokers and carriers are paid the most in South San Francisco?
By compensation reported by South San Francisco employers, the largest brokers are Sequoia ($1.3M, 6 plans), Abd Ins. and Financial SVCS., Inc. ($840,146, 3 plans), OneDigital ($484,336, 2 plans). By medical premium, the largest carriers are Cigna Health and Life Insurance Company, Cigna Healthcare of California, Kaiser Foundation Health Plan, Inc..
Are South San Francisco employer health plans self-funded or fully insured?
Of 37 South San Francisco employer plans, 9 are fully insured, 2 are self-funded and 26 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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