Altres Global Business Services, Inc.
Updated Filing received by DOL
Altres Global Business Services, Inc., an administrative & support services employer in Honolulu, Hawaii, reported 7,222 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $38M in insurance premiums across 11 contracts and $113,805 in broker commissions and fees, 0.1% of medical premium against a national median of 3.8% among plans that paid commissions in plan year 2024. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on September 26, 2025, within the extension window.
Who was paid on Altres Global Business Services, Inc.'s plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Altres Global Business Services, Inc. filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Richard Kersten · Kailua, HI | $80,974 | $0 | $80,974 | 1 |
| Alera-Adamson McGoldrick Insurance · Placentia, CA | $21,194 | $0 | $21,194 | 1 |
| Kersten, Richard Ira · Honolulu, HI | $5,326 | $1,342 | $6,668 | 1 |
| T2b Solutions Inc. · Indianola, IA | $0 | $3,037 | $3,037 | 1 |
| Delgadillo Holdings LLC · Honolulu, HI | $620 | $74 | $694 | 1 |
| Richard I Kersten · Kailua, HI | $327 | $31 | $358 | 1 |
| Mary M Mattos · Kailua, HI | $327 | $0 | $327 | 1 |
| Jameson Paul Delgadillo · Honolulu, HI | $223 | $80 | $303 | 1 |
| Tom Stewart in Sol Inc · San Diego, CA | $223 | $27 | $250 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "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 |
|---|---|---|---|---|
| University Health Alliancehealth, vision, prescription drug | 3,452 | $22M | — | — |
| University Health Alliancehealth, vision, prescription drug | 2,638 | $15M | — | — |
| University Health Alliancehealth, prescription drug | 191 | $1.1M | $21,194 | 2.0% |
| Northwestern Mutuallong-term disability | 208 | $107,651 | $7,915 | 7.4% |
| Kaiser Foundation Health Plan of Hawaiihealth, vision, prescription drug, HMO | 347 | — | — | — |
| Kaiser Foundation Health Plan of Hawaiihealth, vision, prescription drug, HMO | 990 | — | — | — |
| Hawaii Dental Servicedental | 6,258 | — | — | — |
| Hawaii Dental Servicedental | 3,845 | — | — | — |
| Kaiser Foundation Health Plan of Hawaiihealth, vision, prescription drug, HMO | 1,730 | — | — | — |
| Hartford Life and Accidentlife | 55 | — | $685 | — |
| Reliastar Life Insurance Companylife | 16,532 | — | $84,011 | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Altres Global Business Services, Inc. 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.
Premium per covered person on medical contracts: $6,086 a year (national median $7,274).
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 6,637 | 7,222 | +8.8% |
| Premiums filed | $35,161,456 | $38,336,562 | +9.0% |
| Broker commissions + fees | $79,825 | $113,805 | +42.6% |
| Commission rate | 0.1% | 0.1% | +0.0 pts |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
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 |
|---|---|---|---|---|
| Altres Global Business Services, Inc. Employee Benefits Plan#501 · insurance, general assets | December 31, 2024 | September 26, 2025 | within extension | 7,222 |
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 Altres Global Business Services, Inc. pay in health insurance broker commissions in 2024?
Altres Global Business Services, Inc.'s 2024 Form 5500 reports $113,805 in broker commissions and fees across 11 insurance contracts ($109,214 in commissions, $4,591 in fees), with Richard Kersten receiving the largest share.
Is Altres Global Business Services, Inc.'s health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by University Health Alliance, Kaiser Foundation Health Plan of Hawaii.
How does Altres Global Business Services, Inc.'s broker compensation compare with similar employers?
Altres Global Business Services, Inc. paid 0.1% of medical premium in commissions and fees. The median for employers with 5,000+ participants is 4.8%, and the median in Hawaii is 2.0%. Percentages are computed only on fully insured medical contracts with filed premiums.
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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.