| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| INNOVATIVE INSURANCE RESOURCES | 615 PIIKOI ST., #1717 HONOLULU, HI 96814 | UNIVERSITY HEALTH ALLIANCE | $17K | $34K | $51K | 10.61% |
| KENNETH KANESHIRO Filed as: KENNETH K. KANESHIRO | 841 BISHOP ST. STE. 935 HONOLULU, HI 96813 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $1K | — | $1K | 7.50% |
| MICHAEL TOKUSHIGE Filed as: MICHAEL J. TOKUSHIGE | 47-114 HUNALEPO ST. KANEOHE, HI 96744 | UNUM LIFE INSURANCE COMPANY OF AMERICA | $1K | — | $1K | 7.50% |
| INNOVATIVE INSURANCE RESOURCES3 | 615 PIIKOI ST. #1717 HONOLULU, HI 96816 | PACIFIC GUARDIAN LIFE INSURANCE COMPANY, LTD. | $527 | — | $527 | 12.01% |
No Schedule C service providers reported on this filing.
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 89 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 89 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | UNIVERSITY HEALTH ALLIANCE | 84 | $742K |
| Dental | HAWAII DENTAL SERVICE | 89 | $43K |
| Vision(2 contracts, 2 carriers) | UNIVERSITY HEALTH ALLIANCE | 84 | $742K |
| Life insurance | PACIFIC GUARDIAN LIFE INSURANCE COMPANY, LTD. | 85 | $4K |
| Long-term disability | UNUM LIFE INSURANCE COMPANY OF AMERICA | 19 | $15K |
| Prescription drug(2 contracts, 2 carriers) | UNIVERSITY HEALTH ALLIANCE | 84 | $742K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 89 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.