Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ufcw - Hawaii Food Employers
- Sponsor EIN: 010757287
- Sponsor Address: 1055 PARK VIEW DR STE 111, COVINA, CA, 91724
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,783
- Total Assets: $23.1M
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 | 1,783 | $23.1M | $19.9M | $355,720 |
| 2023 | 1,848 | $18.8M | $20.5M | $233,251 |
| 2022 | 1,863 | $14.9M | $18.6M | $289,233 |
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 |
|---|---|---|---|---|
| HMA, INC. | Other Service Provider | $423,197 | — | $423,197 |
| HAWAII BENEFIT ADMINISTRATORS, INC. | Other Service Provider | $179,784 | — | $179,784 |
| MCCRAKEN, STEMERMAN & HOLSBERRY | Other Service Provider | $102,974 | — | $102,974 |
| RAEL & LETSON | Other Service Provider | $79,490 | — | $79,490 |
| HAWAII DENTAL SERVICES | Other Service Provider | $50,669 | — | $50,669 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $45,237 | — | $45,237 |
| MILLER KAPLAN ARASE LLP | Auditor | $39,800 | — | $39,800 |
| BANK OF HAWAII | Other Service Provider | $16,567 | — | $16,567 |
| HAWAII COMMUNITY HEALTH ALLIANCE | Other Service Provider | $9,110 | — | $9,110 |
| FIRST HAWAIIAN BANK | Other Service Provider | $7,959 | $228 | $8,187 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 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: $955,015
- Estimated Expense Ratio: 4.130% 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 | $1,099,498 | $16,567 | $707,939 | $39,800 | — |
| 2023 | $1,146,569 | $15,992 | $178,019 | $29,500 | — |
| 2022 | $1,112,988 | $14,534 | $645,440 | — | $298,427 |