Plan Snapshot
- Plan Sponsor: Board Of Trustees - Hawaii Tapers Retiree Health Reimbursement Fund
- Sponsor EIN: 813361137
- Sponsor Address: 560 N NIMITZ HWY, SUITE 209, HONOLULU, HI, 96817
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 371
- Total Assets: $10.5M
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 | 371 | $10.5M | $1.9M | $0 |
| 2023 | 381 | $8.4M | $1.6M | $0 |
| 2022 | 426 | $6.7M | $1.5M | $0 |
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 |
|---|---|---|---|---|
| FIRST HAWAIIAN BANK | Other Service Provider | $25,652 | — | $25,652 |
| GROUP PLAN ADMINISTRATORS | Other Service Provider | $23,560 | — | $23,560 |
| BENEFIT RISK MANAGEMENT SERVICES | Other Service Provider | $7,853 | — | $7,853 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,065
- Estimated Expense Ratio: 0.545% 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 | $68,740 | $25,652 | $26,701 | — | — |
| 2023 | $60,964 | $12,633 | $25,131 | $10,995 | — |
| 2022 | $59,476 | $12,722 | $25,131 | — | $10,270 |