The Kamehameha Schools
Retirement Plan
A Sighting from The Catbird Seat
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According to Kamehameha Schools’ Annual Return/Report of Employee Benefit Plan (Form 5500) for the year 2000:
– The Employer’s ID Number (EIN) is 99-0073480
– The Plan Number (PN) is 002
– The Plan was adopted effective January 1, 1972
– Approximate number of participants at end of year: 1,656
– Participants include employees of Kamehameha Schools, Pauahi Management Corporation and Kamehameha Investment Corporation (wholly owned subsidiaries of Bishop Holdings Corporation, which is a subsidiary of Kamehameha Activities Association, a controlled support organization of the Schools) and Kukui, Inc. (a wholly owned subsidiary of Pauahi Management Corporation) (together with the Schools, “Participating Employers”).
– The current value of the assets at the beginning of the year were $130,379,025; the total assets at the end of the year were $118,339,357.
– The net investment loss from common/collective trusts was $809,235.
– The net investment loss from pooled separate accounts was $7,358,998.
– The Plan is administered by the Retirement Plan Committee which is appointed by the Schools’ Board of Trustees (Board) and is responsible for management and administration of the Plan. In accordance with the Plan document, effective March 12, 1996, the plan administrator shall be the Schools and the chairperson of the Committee shall be appointed by the Board.
– The Custodians of the plan are the Prudential Insurance Company and First Hawaiian Bank (which is now owned by a French company).
– The Independent Auditor was KPMG LLP
The insurance broker for Kamehameha Schools’ Retirement Plan was Aon.
On November 20, 1996, Bobby Harmon, the Risk, Insurance & Safety Manager for Kamehameha Schools/Bishop Estate, and the non-salaried President of P&C Insurance Company, Inc., a subsidiary of Pauahi Holdings, Inc., was terminated from both positions. In the year 2000, Harmon began to question (in what attorneys for Kamehameha Schools have dubbed “his letter-writing campaign”) the propriety of the management of the investments in the Plan.
Copies of some of his letters are posted here solely for the information of Kamehameha Plan Participants and curious catbirds:
http://starbulletin.com/2000/02/11/news/story1.html
www.the-catbird-seat.net/KSpens6-28-0.htm
www.the-catbird-seat.net/AAA-KS_USDOL-8-5-0.htm
www.the-catbird-seat.net/AAA-KSBE-IRS-2-24-1.htm
www.the-catbird-seat.net/Guttman-4-18-1.htm
www.the-catbird-seat.net/GuttmanComplaint-7-30-1.htm
www.the-catbird-seat.net/AAA-Guttman-IRS-W2-3-28-2.htm
www.the-catbird-seat.net/Claim-Tamm-3-30-2.htm
www.the-catbird-seat.net/AAA-KSpens-4-9-2.htm
www.the-catbird-seat.net/KSpens4-10-2.htm
www.the-catbird-seat.net/KSpens6-20-2.htm
www.the-catbird-seat.net/KSpens7-11-2.htm
www.the-catbird-seat.net/KSpens11-25-2.htm
www.the-catbird-seat.net/Claim-Katz-1-8-3.htm
www.the-catbird-seat.net/Claim-Guttman-IRS-1-21-3.htm
www.the-catbird-seat.net/Harmon-Trustees.htm
www.the-catbird-seat.net/AAA-9-24-3.htm
www.the-catbird-seat.net/KSpens12-17-3.htm
www.the-catbird-seat.net/AAA-HarmonMotionDismiss.htm
www.the-catbird-seat.net/AAA-HarmonAnswer-6-14-4.htm
www.the-catbird-seat.net/Claim-MarrHipp-8-9-4.htm
www.the-catbird-seat.net/Claim-Guttman-8-10-4.htm
www.the-catbird-seat.net/Claim-Guttman-8-13-4.htm
www.the-catbird-seat.net/KSpens11-10-4.htm
www.the-catbird-seat.net/Claim-Guttman-1-27-5.htm
www.the-catbird-seat.net/Claim-Guttman-1-31-5.htm
www.the-catbird-seat.net/Claim-KS-2-7-5.htm
www.the-catbird-seat.net/Claim-Tius-2-11-5.htm
www.the-catbird-seat.net/Claim-KS-3-1-5.htm
www.the-catbird-seat.net/Claims-Branch-AAA.htm
www.the-catbird-seat.net/Claims-Branch-AttorneyGeneral.htm
www.the-catbird-seat.net/Claims-Branch-Ayabe-Chong.htm
www.the-catbird-seat.net/Claims-Branch-DOL.htm
www.the-catbird-seat.net/Claims-Branch-DOJ.htm
www.the-catbird-seat.net/Claims-Branch-Dunn-Tamm.htm
www.the-catbird-seat.net/Claims-Branch-IRS.htm
www.the-catbird-seat.net/Claims-Branch-Kessner-Duca.htm
www.the-catbird-seat.net/Claims-Branch-Marr-Hipp.htm
www.the-catbird-seat.net/Claims-Branch-Mary-Lou-Woo.htm
www.the-catbird-seat.net/Claims-Branch-P-C.htm
www.the-catbird-seat.net/Claims-Branch-Prudential.htm
www.the-catbird-seat.net/Claims-Branch-Torkildson-Katz.htm
www.the-catbird-seat.net/CV05-00030-Complaints.htm
www.the-catbird-seat.net/CV05-00030-Witness-Chang-Kevin.htm
www.the-catbird-seat.net/CV05-00030-Witness-Clarke-Edwina.htm
www.the-catbird-seat.net/CV05-00030-Witness-Graulty-Rey.htm
www.the-catbird-seat.net/CV05-00030-Witness-Hipp-Kenneth.htm
www.the-catbird-seat.net/CV05-00030-Witness-Inouye-Maryanne.htm
www.the-catbird-seat.net/CV05-00030-Witness-Kam-Louanne.htm
www.the-catbird-seat.net/CV05-00030-Witness-Kurren-Barry.htm
www.the-catbird-seat.net/CV05-00030-Witness-Kurren-Faye.htm
www.the-catbird-seat.net/CV05-00030-Witness-McCubbin.htm
www.the-catbird-seat.net/CV05-00030-Witness-Park-Rodney.htm
www.the-catbird-seat.net/CV05-00030-Witness-Savio-Peter.htm
www.the-catbird-seat.net/CV05-00030-Witness-Takemoto-Yukio.htm
www.the-catbird-seat.net/CV05-00030-Witness-Wong-Colleen.htm
# # #
Please take time to visit the Kamehameha Schools website at…
www.ksbe.edu/
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For more of the story on …
DIRTY MONEY, DIRTY POLITICS & BISHOP ESTATE
Part I – Part II – Part III – Part IV – Part V – Part VI
and
OFFICE OF THE UNITED STATES TRUSTEE VS HARMON
AND, FOR MORE BUZZARDS OF A FEATHER, GO TO…
AIG: THE UN-AMERICAN INSURANCE GROUP
AMERICAN SAVINGS BANK: BEHIND THE BLINDS
BUZZARDS IN THE BANK OF HAWAII
LOST GENERATIONS: A BOY, A SCHOOL, A PRINCESS
A CONNECTICUT YANKEE IN KING KAMEHAMEHA’S COURT
FIRST HAWAIIAN BANK: CONQUERED BY THE FRENCH IN ‘98
LOST GENERATIONS: A BOY, A SCHOOL, A PRINCESS
MARSH & McLENNAN: THE MARSH BIRDS
MARSH & McLENNAN’S MERCER CONSULTING
MARSH & McLENNAN’S PUTNAM INVESTMENTS
MARSH & McLENNAN’S TRIDENT FUNDS
PRUDENTIAL: A NEST ON SHAKY GROUND
P-S-S-T, WANNA BUY A GOOD AUDIT?
SUKAMTO SIA: THE INDONESIAN CONNECTION
TRACKING THE HAWAIIAN INSURANCE COMPANIES
VULTURES IN THE NATURE CONSERVANCY
ZEROING IN ON ZURICH FINANCIAL SERVICES
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Last updated August 19, 2006, by The Catbird