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 |
|---|---|---|---|---|
| CW ASSOCIATES, CPAS | Auditor | $28,011 | — | $28,011 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,011
- Estimated Expense Ratio: 0.001% 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 |