Plan Snapshot
- Plan Sponsor: Hawaiian Electric Company, INC.
- Sponsor EIN: 990040500
- Sponsor Address: P.O. BOX 2750 AL20-FB, HONOLULU, HI, 968400001
- Plan Type: Health & Welfare
- Plan Number: 515
- Total Participants: 2,547
- Total Assets: $203.0M
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 | 2,547 | $203.0M | $0 | $4.0M |
| 2023 | 2,585 | $187.6M | $0 | $3.5M |
| 2022 | 2,612 | $169.2M | $0 | $3.3M |
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 |
|---|---|---|---|---|
| BANK OF NEW YORK MELLON | Other Service Provider | $116,658 | — | $116,658 |
| MERRILL LYNCH | Other Service Provider | $86,481 | — | $86,481 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $41,466 | — | $41,466 |
| EARNEST PARTNERS | Other Service Provider | $28,702 | $112 | $28,814 |
| CW ASSOCIATES, CPAS | Other Service Provider | $24,657 | — | $24,657 |
| INVESCO TRUST COMPANY | Other Service Provider | $12,179 | — | $12,179 |
| INVESCO ADVISERS, INC. | Other Service Provider | $11,127 | — | $11,127 |
| FRANKLIN ADVISERS, INC. | Other Service Provider | $10,804 | — | $10,804 |
| GAMCO ASSET MANAGEMENT, INC. | Other Service Provider | $9,989 | — | $9,989 |
| NFJ INVESTMENT GROUP, LLC | Other Service Provider | $7,005 | — | $7,005 |
| LSM CONSULTANTS LLC | Other Service Provider | $6,784 | — | $6,784 |
| TRUCKER HUSS, APC | ERISA Attorney | $6,736 | — | $6,736 |
| MACQUARIE INVESTMENT MGMT ADVISERS | Other Service Provider | $5,350 | — | $5,350 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- TRUCKER HUSS, APC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $368,050
- Estimated Expense Ratio: 0.181% 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 | $2,173,314 | $165,387 | — | $31,441 | — |
| 2023 | $2,861,335 | $411,836 | — | $19,688 | — |
| 2022 | -$2,690,436 | $367,287 | — | — | $235,779 |