Welfare broker

SFBAG EMPLOYEE BENEFIT INS. SVCS.

Mailing address (most recent filing)

600 MONTGOMERY STREET, SUITE 1600

SAN FRANCISCO, CA 94111

Total comp: $352K
Commissions: $352K
Fees: $1
Filings: 9
Sponsors: 9

Carrier mix

Where SFBAG EMPLOYEE BENEFIT INS. SVCS. places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY75.0%
BLUE CROSS OF CALIFORNIA25.0%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY	3	$74K	75.0%
BLUE CROSS OF CALIFORNIA	1	$6.2M	25.0%

Top states · with penetration index

Plan count by state. Index > 1.0means over-indexed vs the broker's national share.

State	Plans	Premium	State share	Index
CA	4	$6.3M	0.0%	12.75x

Top industries by premium

NAICS-2 sectors where this broker places the most welfare premium.

Sponsor-size mix

Plan count by total participants. Reveals whether this broker is a mid-market player or jumbo-employer specialist.

Broker compensation as % of premium

Distribution of SFBAG EMPLOYEE BENEFIT INS. SVCS.'s plans by broker comp / premium ratio. Median 10.03% vs welfare-wide median 6.29% (n=4).

Prospect-flag exposure · vs market baseline

Share of SFBAG EMPLOYEE BENEFIT INS. SVCS.'s book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-4 of 4 sponsors where SFBAG EMPLOYEE BENEFIT INS. SVCS. is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
SEQUOIA EQUITIES, INC. SEQUOIA EQUITIES, INC. GROUP MEDICAL PLAN	CA	$6.2M	$229K	BLUE CROSS OF CALIFORNIA
SEQUOIA EQUITIES, INC. SEQUOIA EQUITIES, INC. GROUP LTD PLAN	CA	$38K	$4K	THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
SEQUOIA EQUITIES, INC. SEQUOIA EQUITIES, INC. GROUP STD PLAN	CA	$20K	$2K	THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
SEQUOIA EQUITIES, INC. SEQUOIA EQUITIES, INC. GROUP LIFE PLAN	CA	$16K	$2K	THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

Carrier

Plans

Premium

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

$74K

75.0%

BLUE CROSS OF CALIFORNIA

$6.2M

25.0%

State

Plans

Premium

State share

Index

$6.3M

0.0%

12.75x

Sponsor

Loc

Premium

Comp

Carrier

SEQUOIA EQUITIES, INC.

SEQUOIA EQUITIES, INC. GROUP MEDICAL PLAN

$6.2M

$229K

BLUE CROSS OF CALIFORNIA

SEQUOIA EQUITIES, INC.

SEQUOIA EQUITIES, INC. GROUP LTD PLAN

$38K

$4K

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

SEQUOIA EQUITIES, INC.

SEQUOIA EQUITIES, INC. GROUP STD PLAN

$20K

$2K

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

SEQUOIA EQUITIES, INC.

SEQUOIA EQUITIES, INC. GROUP LIFE PLAN

$16K

$2K

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY