Plan Snapshot
- Plan Sponsor: Hawaiian Electric Industries, INC.
- Sponsor EIN: 990208097
- Sponsor Address: P. O. BOX 2750, AL20-FB, HONOLULU, HI, 968400001
- Plan Type: DB
- Total Participants: 2,139
- Total Assets: $1.9B
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 | 2,139 | $1.9B | $9.6M | $0 |
| 2023 | 2,268 | $1.9B | $7.6M | $0 |
| 2022 | 2,406 | $1.7B | $16.9M | $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 |
|---|---|---|---|---|
| STAFFORD CAPITAL PARTNERS | Other Service Provider | $1,202,243 | — | $1,202,243 |
| MERRILL LYNCH | Investment Advisor | $909,423 | — | $909,423 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $564,150 | — | $564,150 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $277,845 | — | $277,845 |
| EARNEST PARTNERS LLC | Other Service Provider | $253,700 | $23,421 | $277,121 |
| INVESCO TRUST COMPANY | Other Service Provider | $173,886 | — | $173,886 |
| FRANKLIN ADVISERS, INC. | Other Service Provider | $119,332 | — | $119,332 |
| FIDELITY INST ASSET MGMT TRUST CO | Other Service Provider | $89,238 | — | $89,238 |
| GAMCO ASSET MANAGEMENT, INC. | Other Service Provider | $85,239 | — | $85,239 |
| PAYDEN & RYGEL | Other Service Provider | $73,840 | — | $73,840 |
| NFJ INVESTMENT GROUP, LLC | Other Service Provider | $68,354 | — | $68,354 |
| MACQUARIE INV. MANAGEMENT ADVISORS | Other Service Provider | $43,202 | — | $43,202 |
| CW ASSOCIATES, CPAS | Other Service Provider | $28,012 | — | $28,012 |
| LSM CONSULTANTS LLC | Other Service Provider | $19,893 | — | $19,893 |
| TRUCKER HUSS, APC | ERISA Attorney | $14,464 | — | $14,464 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
- 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: $3,946,242
- Estimated Expense Ratio: 0.206% 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 | $4,439,940 | $2,526,215 | — | $28,011 | — |
| 2023 | $10,577,321 | $5,080,546 | — | $27,012 | — |
| 2022 | $6,830,707 | $4,654,671 | — | — | $1,583,348 |