Plan Snapshot
- Plan Sponsor: Hawaii Sheet Metal Workers Annuity Profit Sharing Fund
- Sponsor EIN: 996027785
- Sponsor Address: 1405 N KING ST SUITE 403, HONOLULU, HI, 96817
- Plan Type: DC
- Plan Number: 003
- Total Participants: 439
- Total Assets: $108.9M
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 | 439 | $108.9M | $3.5M | $0 |
| 2023 | 571 | $108.3M | $3.3M | $0 |
| 2022 | 514 | $108.5M | $3.4M | $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 |
|---|---|---|---|---|
| HSMW ADMIN OFFICE | Other Service Provider | $186,320 | — | $186,320 |
| MORGAN STANLEY | Recordkeeper | $101,712 | — | $101,712 |
| CENTRAL PACIFIC BANK | Other Service Provider | $75,389 | — | $75,389 |
| F/M INVESTMENT, LLC | Other Service Provider | $71,355 | — | $71,355 |
| EIDE BAILLY, LLP | Auditor | $62,899 | — | $62,899 |
| BOSTON PARTNERS | Other Service Provider | $50,802 | — | $50,802 |
| LAZARD | Other Service Provider | $44,908 | — | $44,908 |
| SALTZMAN & JOHNSON | Other Service Provider | $40,463 | — | $40,463 |
| STONEBRIDGE | Other Service Provider | $37,777 | — | $37,777 |
| DODGE & COX | Other Service Provider | $28,169 | — | $28,169 |
| SEGAL COMPANY | Recordkeeper | $17,572 | — | $17,572 |
| MILLER HOWARD | Other Service Provider | $13,806 | — | $13,806 |
| JP MORGAN | Recordkeeper | $13,410 | — | $13,410 |
| YOSHIDA & ASSOCIATES | Other Service Provider | $12,632 | — | $12,632 |
| BROWN ADVISORY LLC | Other Service Provider | $12,510 | — | $12,510 |
| BENESYS | Recordkeeper | $9,761 | — | $9,761 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $7,143 | $7,143 |
| WITHUMSMITH+BROWN, PC | Auditor | $5,505 | — | $5,505 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- EIDE BAILLY, LLP — Auditor
- SEGAL COMPANY — Recordkeeper
- JP MORGAN — Recordkeeper
- BENESYS — Recordkeeper
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $792,133
- Estimated Expense Ratio: 0.728% 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 | $818,110 | $376,832 | $184,599 | $47,966 | — |
| 2023 | $866,853 | $376,608 | $127,426 | $171,664 | — |
| 2022 | $736,944 | $434,444 | $99,972 | — | $137,682 |