Plan Snapshot
- Plan Sponsor: Hawaii Sheet Metal Workers Pension Fund
- Sponsor EIN: 996009479
- Sponsor Address: 1405 N KING ST SUITE 403, HONOLULU, HI, 96817
- Plan Type: DB
- Plan Number: 001
- Total Participants: 430
- Total Assets: $316.2M
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 | 430 | $316.2M | $3.1M | $0 |
| 2023 | 455 | $289.1M | $3.0M | $0 |
| 2022 | 463 | $279.5M | $2.8M | $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 |
|---|---|---|---|---|
| HSM ADMIN OFFICE | Other Service Provider | $223,330 | — | $223,330 |
| F/M INVESTMENTS, LLC | Other Service Provider | $180,180 | — | $180,180 |
| CENTRAL PACIFIC BANK | Other Service Provider | $178,162 | — | $178,162 |
| BOSTON PARTNERS | Other Service Provider | $158,798 | — | $158,798 |
| DODGE & COX | Other Service Provider | $152,656 | — | $152,656 |
| MORGAN STANLEY | Recordkeeper | $141,099 | — | $141,099 |
| MILLER HOWARD | Other Service Provider | $110,722 | — | $110,722 |
| STONEBRIDGE ADVISORS LLC | Other Service Provider | $108,193 | — | $108,193 |
| LAZARD ASSET MGNT | Other Service Provider | $102,010 | — | $102,010 |
| THE SEGAL COMPANY | Recordkeeper | $77,808 | — | $77,808 |
| EIDE BAILLY LLP | Auditor | $70,945 | — | $70,945 |
| POLEN CAPITAL | Other Service Provider | $45,412 | — | $45,412 |
| SALTZMAN & JOHNSON | Other Service Provider | $40,085 | — | $40,085 |
| J.P. MORGAN | Recordkeeper | $29,951 | — | $29,951 |
| DSM CAPITAL PARTNERS | Other Service Provider | $26,277 | — | $26,277 |
| BROWN ADVISORY LLC | Other Service Provider | $24,569 | — | $24,569 |
| BENESYS | Recordkeeper | $16,268 | — | $16,268 |
| YOSHIDA & ASSOCIATES | Other Service Provider | $12,632 | — | $12,632 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $10,818 | $10,818 |
| 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
- THE SEGAL COMPANY — Recordkeeper
- EIDE BAILLY LLP — Auditor
- J.P. 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: $1,715,420
- Estimated Expense Ratio: 0.543% 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 | $1,821,299 | $1,079,777 | $218,543 | $67,810 | — |
| 2023 | $1,846,967 | $957,471 | $148,663 | $175,053 | — |
| 2022 | $1,731,620 | $1,244,859 | $138,743 | — | $149,044 |