Plan Snapshot
- Plan Sponsor: Hawaii Sheet Metal Workers Health & Welfare Trust Fund
- Sponsor EIN: 996006418
- Sponsor Address: 1405 N KING STREET, STE 403, HONOLULU, HI, 96817
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 440
- Total Assets: $102.6M
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 | 440 | $102.6M | $8.5M | $883,238 |
| 2023 | 530 | $88.9M | $8.2M | $1.2M |
| 2022 | 548 | $82.2M | $8.5M | $1.1M |
| 2019 | 593 | $69.7M | $9.5M | $932,982 |
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 | $307,667 | — | $307,667 |
| MILLER HOWARD | Other Service Provider | $110,818 | — | $110,818 |
| THE SEGAL COMPANY | Recordkeeper | $100,643 | — | $100,643 |
| AFFINITY INVESTMENT GROUP | Other Service Provider | $82,436 | — | $82,436 |
| STONEBRIDGE ADVISORS LLC | Other Service Provider | $69,220 | — | $69,220 |
| EIDE BAILLY LLP | Auditor | $49,069 | — | $49,069 |
| SALTZMAN & JOHNSON LAW CORP | Other Service Provider | $35,610 | — | $35,610 |
| CENTRAL PACIFIC BANK | Other Service Provider | $32,767 | — | $32,767 |
| BANK OF HAWAII | Other Service Provider | $32,718 | — | $32,718 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $31,773 | — | $31,773 |
| BENESYS | Recordkeeper | $26,029 | — | $26,029 |
| JPMORGAN INVESTMENT MGMT | Recordkeeper | $22,767 | — | $22,767 |
| BROWN ADVISORY LLC | Other Service Provider | $20,748 | — | $20,748 |
| YOSHIDA & ASSOCIATES | Other Service Provider | $12,632 | — | $12,632 |
| FIRST HAWAIIAN BANK | Other Service Provider | $8,983 | — | $8,983 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $5,740 | $5,740 |
| WITHUMSMITH+BROWN, PC | Auditor | $5,505 | — | $5,505 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
- EIDE BAILLY LLP — Auditor
- BENESYS — Recordkeeper
- JPMORGAN INVESTMENT MGMT — 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: $955,125
- Estimated Expense Ratio: 0.931% 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 | $958,815 | $403,182 | $307,667 | $47,170 | — |
| 2023 | $944,650 | $365,973 | $204,595 | $108,770 | — |
| 2022 | $802,082 | $358,073 | $195,362 | — | $192,378 |
| 2019 | $749,947 | $334,120 | $198,353 | — | $162,457 |