HSBC North America Holdings Inc.
Updated Filing received by DOL
HSBC North America Holdings Inc., a management of companies employer in Chicago, Illinois, reported 11,624 participants in its health and welfare plans for plan year 2025. Its Form 5500 shows 13 insurance contracts with no premium reported and $238,468 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 2, 2026, before the deadline.
Who was paid on HSBC North America Holdings 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 HSBC North America Holdings Inc. filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| HUB International · Chicago, IL | $90,221 | $136,988 | $227,209 | 8 |
| Centro Benefits Research · Kirkwood, MO | $7,634 | $0 | $7,634 | 1 |
| Brown & Brown · Atlanta, GA | $0 | $3,625 | $3,625 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "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 |
|---|---|---|---|---|
| Lincoln National Life Insurance Companylong-term disability | 5,768 | — | $7,634 | — |
| Metropolitan Life Insurance Companycoverage not coded | 129 | — | $2,753 | — |
| Metlife Legal Planscoverage not coded | 1,470 | — | $45,086 | — |
| Metropolitan Life Insurance Companydental, life | 14,141 | — | $119,594 | — |
| Four Ever Life Ins Co.health | 29 | — | — | — |
| Ace American Insurance Companycoverage not coded | 5,403 | — | — | — |
| Fidelity Security Life Insurance Companyvision | 9,224 | — | — | — |
| Lincoln National Life Insurance Companycoverage not coded | 1 | — | — | — |
| Lincoln National Life Insurance Companycoverage not coded | 3,698 | — | — | — |
| Lincoln National Life Insurance Companycoverage not coded | 305 | — | — | — |
| Workplace Options, LLCcoverage not coded | 5,935 | — | — | — |
| Metropolitan Life Insurance Companycoverage not coded | 1,877 | — | $63,401 | — |
| Fidelity Security Life Insurance Companyvision | 2,465 | — | — | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How HSBC North America Holdings 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.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 11,983 | 11,624 | −3.0% |
| Premiums filed | $0 | $0 | — |
| Broker commissions + fees | $183,323 | $238,468 | +30.1% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
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 |
|---|---|---|---|---|
| HSBC - North America U.S. Consolidated Health and Welfare Plan#502 · insurance, general assets | December 31, 2025 | July 2, 2026 | before deadline | 11,624 |
| HSBC - North America U.S. Retiree Health Plan#503 · insurance, general assets | December 31, 2025 | July 2, 2026 | before deadline | 4,021 |
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 HSBC North America Holdings Inc. pay in health insurance broker commissions in 2025?
HSBC North America Holdings Inc.'s 2025 Form 5500 reports $238,468 in broker commissions and fees across 13 insurance contracts ($97,855 in commissions, $140,613 in fees), with HUB International receiving the largest share.
Is HSBC North America Holdings Inc.'s health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Four Ever Life Ins Co..
How does HSBC North America Holdings Inc.'s broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for HSBC North America Holdings Inc. because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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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.