Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Masons Health & Welfare Trust Fund
- Sponsor EIN: 996014747
- Sponsor Address: 560 NORTH NIMITZ HIGHWAY, SUITE 209, HONOLULU, HI, 96817
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 665
- Total Assets: $15.0M
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 | 665 | $15.0M | $14.4M | $747,183 |
| 2023 | 715 | $13.6M | $14.3M | $844,002 |
| 2022 | 738 | $13.2M | $14.6M | $864,444 |
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 |
|---|---|---|---|---|
| NATIONAL BENEFITS ADMINISTRATORS | Other Service Provider | $394,767 | — | $394,767 |
| BENEFIT & RISK MANAGEMENT SERVICES | Other Service Provider | $388,952 | — | $388,952 |
| SINGERLEWAK | Auditor | $118,964 | — | $118,964 |
| HAWAII DENTAL SERVICE | Other Service Provider | $84,406 | — | $84,406 |
| YOSHIDA & ASSOCIATES | Other Service Provider | $63,521 | — | $63,521 |
| FIRST HAWAIIAN BANK | Other Service Provider | $18,613 | — | $18,613 |
| VISION SERVICE PLAN | Other Service Provider | $16,508 | — | $16,508 |
| OAKHURST CAPITAL MANAGEMENT | Other Service Provider | $11,124 | — | $11,124 |
| RAYMOND JAMES & ASSOCIATES | Recordkeeper | $11,053 | — | $11,053 |
| SSI INVESTMENT MANAGEMENT | Other Service Provider | $10,398 | — | $10,398 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SINGERLEWAK — Auditor
- RAYMOND JAMES & ASSOCIATES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,118,306
- Estimated Expense Ratio: 7.464% 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 | $1,229,974 | $60,062 | $388,952 | $118,964 | — |
| 2023 | $1,048,180 | $55,850 | $373,474 | $38,220 | — |
| 2022 | $947,416 | $47,549 | — | — | $486,722 |