# Hawaii Sheet Metal Workers Health & Welfare Trust Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/hawaii-sheet-metal-workers-health-welfare-trust-fund-996006418-501

> Hawaii Sheet Metal Workers Health & Welfare Trust Fund's Health & Welfare plan: 440 participants, plan year 2024 financials, providers, and benchmarks from F…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [EIDE BAILLY LLP](https://planprovider.pro/provider/eide-bailly-llp) — Auditor

- [BENESYS](https://planprovider.pro/provider/milliman) — Recordkeeper

- [JPMORGAN INVESTMENT MGMT](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [WITHUMSMITH+BROWN, PC](https://planprovider.pro/provider/withumsmithbrown-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|

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