Plan Snapshot
- Plan Sponsor: Hawaii Carpenters Financial Security Fund
- Sponsor EIN: 990264272
- Sponsor Address: 200 N. VINEYARD BLVD., HONOLULU, HI, 968173938
- Plan Type: DC
- Total Participants: 4,242
- Total Assets: $662.3M
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 | 4,242 | $662.3M | $56.3M | $0 |
| 2023 | 4,066 | $576.8M | $48.2M | $0 |
| 2022 | 3,972 | $492.5M | $37.9M | $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 | $523,992 | $46,064 | $570,056 |
| RAYMOND JAMES & ASSOCIATES | Other Service Provider | $538,283 | — | $538,283 |
| HAWAII BENEFIT ADMINISTRATORS, INC. | Other Service Provider | $416,147 | — | $416,147 |
| WASHINGTON CAPITAL MANAGEMENT | Other Service Provider | $192,926 | — | $192,926 |
| FOCUS INVESTMENTS | Other Service Provider | $167,837 | — | $167,837 |
| THE SEGAL COMPANY | Other Service Provider | $70,360 | — | $70,360 |
| EIDE BAILLY LLP | Auditor | $50,553 | — | $50,553 |
| BANK OF HAWAII | Other Service Provider | $36,503 | — | $36,503 |
| SHANLEY A PROFESSIONAL CORP. | Other Service Provider | $26,147 | — | $26,147 |
| SIERRA INVESTMENT PARTNERS | Other Service Provider | $9,053 | — | $9,053 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,077,865
- Estimated Expense Ratio: 0.314% 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 | $2,326,271 | $943,695 | $416,147 | $50,553 | — |
| 2023 | $2,031,481 | $762,154 | $396,331 | $42,550 | — |
| 2022 | $1,801,610 | $1,107,510 | $377,638 | — | $112,261 |