Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Hawaii Iron Workers Pension Trust Fund
- Sponsor EIN: 996025105
- Sponsor Address: 94-497 UKEE STREET, WAIPAHU, HI, 967974243
- Plan Type: DB
- Plan Number: 001
- Total Participants: 649
- Total Assets: $175.8M
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 | 649 | $175.8M | $9.4M | $0 |
| 2023 | 614 | $171.3M | $7.7M | $0 |
| 2022 | 643 | $151.3M | $7.4M | $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 |
|---|---|---|---|---|
| HAWAII IRON WORKERS ADMIN OFFICE | Other Service Provider | $1,177,904 | — | $1,177,904 |
| FENIMORE ASSET MANAGEMENT | Other Service Provider | $260,126 | — | $260,126 |
| FIRST HAWAIIAN BANK | Other Service Provider | $210,954 | — | $210,954 |
| RAYMOND JAMES & ASSOCIATES | Recordkeeper | $173,037 | — | $173,037 |
| SSI INVESTMENT MANAGEMENT, INC | Other Service Provider | $124,626 | — | $124,626 |
| SINGERLEWAK | Auditor | $95,288 | — | $95,288 |
| HUDSON EDGE INVESTMENT PARTNERS INC | Other Service Provider | $65,722 | — | $65,722 |
| MILLIMAN | Recordkeeper | $65,000 | — | $65,000 |
| WHITESTAR ADVISORS, LLC | Other Service Provider | $59,500 | — | $59,500 |
| THREE PEAKS CAPITAL MANAGEMENT | Other Service Provider | $41,187 | — | $41,187 |
| YAMAMOTO CALIBOSO HETHERINGTON | Other Service Provider | $28,382 | — | $28,382 |
| BANK OF HAWAII | Other Service Provider | $23,406 | — | $23,406 |
| OAKHURST CAPITAL MANAGEMENT, LLC | Other Service Provider | $9,768 | — | $9,768 |
| T. GEORGE PARIS | Custodian / Trustee | $9,270 | — | $9,270 |
| BARBETT HARRIS | Custodian / Trustee | $8,879 | — | $8,879 |
| FOCUS INVESTMENT ADVISORS | Other Service Provider | $8,196 | — | $8,196 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES — Recordkeeper
- SINGERLEWAK — Auditor
- MILLIMAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,361,245
- Estimated Expense Ratio: 1.343% 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 | $2,473,120 | $942,163 | — | $95,288 | — |
| 2023 | $2,499,412 | $970,310 | — | $95,288 | — |
| 2022 | $2,350,458 | $858,322 | — | — | $1,403,715 |