Plan Snapshot
- Plan Sponsor: Board Of Trustees, Hawaii Health & Welfare Trust Fund
- Sponsor EIN: 946182984
- Sponsor Address: 1141 HARBOR BAY PKWY STE 100, ALAMEDA, CA, 94502
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,073
- Total Assets: $70.9M
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 | 2,073 | $70.9M | $31.3M | $22,883 |
| 2023 | 1,815 | $66.8M | $28.0M | $87,837 |
| 2022 | 1,587 | $60.1M | $25.9M | $76,288 |
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 MEDICAL SERVICE ASSOCIATION | Other Service Provider | $2,312,520 | — | $2,312,520 |
| ZENITH AMERICAN SOLUTIONS INC. | Other Service Provider | $275,054 | — | $275,054 |
| MULTI-PLAN SERVICES AGENCY INC. | Other Service Provider | $155,789 | — | $155,789 |
| SSI INVESTMENT MANAGEMENT | Other Service Provider | $111,072 | $2,002 | $113,074 |
| THE SEGAL COMPANY | Recordkeeper | $75,461 | — | $75,461 |
| SALTZMAN & JOHNSON | Other Service Provider | $56,095 | — | $56,095 |
| OAKHURST CAPITAL MGMT | Other Service Provider | $46,907 | — | $46,907 |
| PHARMACY BENEFIT SOLUTIONS INC | Other Service Provider | $44,000 | — | $44,000 |
| MCMORGAN & COMPANY | Other Service Provider | $35,811 | — | $35,811 |
| MILLER KAPLAN ARASE LLP | Auditor | $31,000 | — | $31,000 |
| FIRST HAWAIIAN BANK | Other Service Provider | $28,974 | — | $28,974 |
| RAYMOND JAMES | Other Service Provider | $20,000 | — | $20,000 |
| ASSISTANCE RECOVERY PROGRAM | Other Service Provider | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,209,685
- Estimated Expense Ratio: 4.524% 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 | $3,327,702 | $242,763 | $275,054 | $31,000 | — |
| 2023 | $1,886,222 | $233,007 | $240,932 | $29,055 | — |
| 2022 | $1,810,975 | $209,106 | $1,055,398 | — | $243,733 |