Plan Snapshot
- Plan Sponsor: Hawaii Sheet Metal Workers Vacation & Holiday Fund
- Sponsor EIN: 996009478
- Sponsor Address: 1405 N KING STREET STE 403, HONOLULU, HI, 96817
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 573
- Total Assets: $1.7M
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 | 573 | $1.7M | $3.6M | $0 |
| 2023 | 511 | $1.7M | $3.3M | $0 |
| 2022 | 507 | $1.8M | $3.2M | $0 |
| 2021 | 464 | $2.3M | $3.3M | $0 |
| 2020 | 626 | $2.5M | $3.1M | $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 | $96,058 | — | $96,058 |
| EIDE BAILLY LLP | Auditor | $27,759 | — | $27,759 |
| BENESYS | Recordkeeper | $13,014 | — | $13,014 |
| YOSHIDA & ASSOCIATES | Other Service Provider | $12,632 | — | $12,632 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
- BENESYS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,463
- Estimated Expense Ratio: 8.947% 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 | $162,284 | $4,325 | $92,300 | $27,759 | — |
| 2023 | $158,864 | $4,421 | $63,713 | $46,027 | — |
| 2022 | $103,416 | $5,941 | $49,986 | — | $40,794 |
| 2021 | $141,341 | $6,521 | $64,777 | $22,169 | — |
| 2020 | $127,944 | $7,673 | $65,436 | — | — |