A16z Capital Management, L.L.C.
Updated Filing received by DOL
A16z Capital Management, L.L.C., a finance & insurance employer in Menlo Park, California, reported 567 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $113,094 in insurance premiums across 10 contracts and $754,580 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on June 26, 2026, before the deadline.
Who was paid on A16z Capital Management, L.L.C.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract A16z Capital Management, L.L.C. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Sequoia · San Mateo, CA | $716,996 | $37,584 | $754,580 | 10 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Vision Service Planvision | 495 | $113,094 | $2,774 | 2.5% |
| Unum Insurance Companycoverage not coded | 54 | — | $2,432 | — |
| Kaiser Foundation Health Plan Inchealth, prescription drug, HMO | 44 | — | $16,245 | — |
| Unum Life Insurance Company of Americashort-term disability, long-term disability | 541 | — | $48,360 | — |
| Cigna Health and Life Insurance Companyhealth, dental, prescription drug, PPO | 792 | — | $626,418 | — |
| Kaiser Foundation Health Plan Inchealth, prescription drug, HMO | 9 | — | $3,158 | — |
| Cigna Health and Life Insurance Companyhealth, dental | 1 | — | $3,730 | — |
| Unum Insurance Companycoverage not coded | 68 | — | $1,598 | — |
| Unum Life Insurance Company of Americalife | 541 | — | $48,927 | — |
| Unum Insurance Companycoverage not coded | 79 | — | $938 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How A16z Capital Management, L.L.C. compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 545 | 567 | +4.0% |
| Premiums filed | $0 | $113,094 | not comparable |
| Broker commissions + fees | $192,177 | $754,580 | +292.6% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| A16z Capital Management, L.L.C. Welfare Benefits Plan#501 · insurance, general assets | December 31, 2025 | June 26, 2026 | before deadline | 567 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did A16z Capital Management, L.L.C. pay in health insurance broker commissions in 2025?
A16z Capital Management, L.L.C.'s 2025 Form 5500 reports $754,580 in broker commissions and fees across 10 insurance contracts ($716,996 in commissions, $37,584 in fees), with Sequoia receiving the largest share.
Is A16z Capital Management, L.L.C.'s health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Kaiser Foundation Health Plan Inc, Cigna Health and Life Insurance Company.
How does A16z Capital Management, L.L.C.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for A16z Capital Management, L.L.C. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 500-999 participants that disclosed broker pay reported a median of $104,902.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.