| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| SERVCO INSURANCE SERVICES CORP3 | 700 BISHOP STREET, SUITE 1400 HONOLULU, HI 96813 | METROPOLITAN LIFE INSURANCE COMPANY | $39K | — | $39K | 5.52% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| BANK OF NEW YORK MELLON EIN 13-5160382 NONE | Shareholder servicing fees; Direct payment from the plan; Other fees; Float revenue; Trustee (bank, trust company, or similar financial institution) Service code 21 | — | $162K |
| MERRILL LYNCH EIN 13-5674085 NONE | Investment management; Float revenue; Investment management fees paid directly by plan Service code 28 | — | $75K |
| WELLS CAPITAL MANAGEMENT EIN 95-3692822 NONE | Investment management; Soft dollars commissions; Investment management fees paid directly by plan Service code 28 | — | $70K |
| FEDERATED INVESTMENT COUNSELING EIN 25-1111467 NONE | Investment management fees paid directly by plan; Soft dollars commissions; Investment management Service code 28 | — | $45K |
| MACQUARIE INVESTMENT MGMT ADVISORS EIN 23-2859590 NONE | Investment management; Investment management fees paid directly by plan; Soft dollars commissions Service code 28 | — | $42K |
| GAMCO ASSET MANAGEMENT, INC. EIN 13-4044521 NONE | Investment management fees paid directly by plan; Investment management Service code 28 | — | $42K |
| EAGLE ASSET MANAGEMENT, INC. EIN 59-2385219 NONE | Investment management; Soft dollars commissions; Investment management fees paid directly by plan Service code 28 | — | $40K |
| NFJ INVESTMENT GROUP LLC EIN 75-2555709 NONE | Investment management; Investment management fees paid directly by plan; Soft dollars commissions Service code 28 | — | $39K |
| FRANKLIN TEMPLETON PORTFOLIO ADVISO EIN 94-2990534 NONE | Soft dollars commissions; Investment management fees paid directly by plan; Investment management Service code 28 | — | $39K |
| EARNEST PARTNERS, LLC EIN 58-2386669 NONE | Soft dollars commissions; Investment management fees paid directly by plan; Investment management Service code 28 | — | $38K |
| PENN CAPITAL MANAGMENT EIN 22-2796848 NONE | Soft dollars commissions; Investment management; Investment management fees paid directly by plan Service code 28 | — | $34K |
| TOWERS WATSON DELAWARE, INC. EIN 53-0181291 NONE | Direct payment from the plan; Consulting (pension); Actuarial Service code 11 | — | $34K |
| INVESCO ADVISORS, INC. EIN 58-1707262 NONE | Investment management fees paid directly by plan; Soft dollars commissions; Investment management Service code 28 | — | $33K |
| FIRST STATE INVESTMENTS INTNL LTD EIN 20-6720059 NONE | Investment management; Investment management fees paid directly by plan Service code 28 | — | $21K |
| OFI GLOBAL TRUST COMPANY EIN 13-3459790 NONE | Investment management fees paid directly by plan; Investment management; Soft dollars commissions Service code 28 | — | $16K |
| CW ASSOCIATES EIN 26-1659234 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $15K |
| D'AMATO & MALONEY LLP EIN 26-3458324 NONE | Legal; Direct payment from the plan Service code 29 | — | $6K |
| LSM CONSULTANTS LLC EIN 26-4006199 NONE | Accounting (including auditing); Direct payment from the plan Service code 10 | — | $5K |
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 | 2,704 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 1,615 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 9 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 4,328 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | HAWAII MEDICAL SERVICE ASSOCIATION | 1,986 | $7.7M |
| Dental | HAWAII DENTAL SERVICE | 1,337 | $644K |
| Vision | VISION SERVICE PLAN | 846 | $110K |
| Life insurance | METROPOLITAN LIFE INSURANCE COMPANY | 1,522 | $703K |
| Prescription drug(2 contracts, 2 carriers) | HAWAII MEDICAL SERVICE ASSOCIATION | 1,986 | $7.7M |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 1,986 | — |
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 comp is under 1% of premium on a >$1M plan. Plan may be flying solo or paying a flat fee — consultant sales target.