Plan Snapshot
- Plan Sponsor: B Of T Roofers Union Local 221 Health & Welfare Trust
- Sponsor EIN: 996006907
- Sponsor Address: 200 N. VINEYARD BLVD., SUITE 100, HONOLULU, HI, 96817
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 201
- Total Assets: $6.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 201 | $6.4M | $3.1M | $12,360 |
| 2023 | 206 | $6.0M | $2.9M | $18,827 |
| 2022 | 202 | $5.5M | $2.5M | $7,756 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| HAWAII BENEFIT ADMINISTRATORS, INC | Other Service Provider | $163,843 | — | $163,843 |
| HOGAN CONSULTING GROUP LLC | Other Service Provider | $29,847 | $4,708 | $34,555 |
| JAMES P HASSELMAN CPA LLC | Other Service Provider | $21,424 | — | $21,424 |
| FIRST HAWAIIAN BANK | Other Service Provider | $11,576 | — | $11,576 |
| RAYMOND JAMES & ASSOCIATES, INC | Other Service Provider | $7,300 | — | $7,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $238,698
- Estimated Expense Ratio: 3.717% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $260,710 | $15,877 | $163,843 | $21,424 | — |
| 2023 | $254,151 | $16,135 | $155,723 | $21,005 | — |
| 2022 | $242,412 | $15,797 | $150,800 | — | $60,333 |