Form 5500 · Employee benefit plan · MENLO PARK, CA
SEQUOIA CAPITAL OPERATIONS, LLC
The filing calls this plan SEQUOIA CAPITAL OPERATIONS, LLC WELFARE BENEFITS PLAN.
SEQUOIA CAPITAL OPERATIONS, LLC of MENLO PARK, CA is a 215-participant finance and insurance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is SEQUOIA BENEFITS AND INS SVCS LLC. Coverage is written through CALIFORNIA PHYSICIANS SERVICE and 3 other carriers. The plan's most recent policy period ended in July.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 77-0533605 · plan 501 · plan year 2025, filed Feb 11, 2026
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How this plan is funded
Fully insured as reported
The filing reports medical coverage through an insurance contract on Schedule A, and no money paid for benefits by the plan itself.
Benefits declared on this filing
Also declared: death benefits, other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 4 insured contracts covering health, dental, vision, life and disability; the largest, with CALIFORNIA PHYSICIANS SERVICE, covers 216 people.
Reported premium across the insured contracts is $10,120,553, with $70,703 in disclosed broker commissions — about 0.7% of premium.
The health contract's policy period ended in July, while at least one ancillary line's policy period ended in November. The plan is on a split renewal cycle.
SEQUOIA BENEFITS AND INS SVCS LLC is the broker of record on 2 of the 4 contracts; the rest name a different broker or none.
4 carriers appear on the filing, including CALIFORNIA PHYSICIANS SERVICE, THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA, UNUM LIFE INSURANCE COMPANY OF AMERICA and FEDERAL INSURANCE COMPANY. CALIFORNIA PHYSICIANS SERVICE writes the largest contract by premium.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Dental, Vision | 214 | Aug 1, 2025 | $632,924 | $58,718 |
| UNUM LIFE INSURANCE COMPANY OF AMERICA | Life, Disability | 139 | Aug 1, 2025 | $337,642 | $10,206 |
| FEDERAL INSURANCE COMPANY | — | 192 | Dec 1, 2024 | $11,858 | $1,779 |
| CALIFORNIA PHYSICIANS SERVICE | Health | 216 | Aug 1, 2025 | $9,138,129 | $0 |
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Other plans filed by this employer
How this plan compares
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