# Hawaiian Electric Company, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/hawaiian-electric-company-inc-990040500-515

> Hawaiian Electric Company, INC.'s Health & Welfare plan: 2,547 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — Recordkeeper

- [TRUCKER HUSS, APC](https://planprovider.pro/provider/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|

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