Plan Snapshot
- Plan Sponsor: Hawaii Medical Service Association
- Sponsor EIN: 990040115
- Sponsor Address: 818 KEEAUMOKU STREET, HONOLULU, HI, 96814
- Plan Type: Health & Welfare
- Plan Number: 505
- Total Participants: 495
- Total Assets: $60.8M
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 | 495 | $60.8M | $0 | $1.1M |
| 2023 | 445 | $56.2M | $0 | $883,500 |
| 2022 | 515 | $50.8M | $0 | $862,275 |
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 |
|---|---|---|---|---|
| BANK OF HAWAII | Custodian / Trustee | $100,589 | — | $100,589 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,589
- Estimated Expense Ratio: 0.166% 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 | $169,022 | $100,589 | — | — | — |
| 2023 | $249,555 | $89,866 | — | — | — |
| 2022 | $97,780 | $97,765 | — | — | — |