Plan Snapshot
- Plan Sponsor: Ilwu Local 142 Health And Welfare Trust
- Sponsor EIN: 202076868
- Sponsor Address: 1440 KAPIOLANI BLVD SUITE 800, HONOLULU, HI, 96814
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,579
- Total Assets: $71.9M
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 | 3,579 | $71.9M | $54.5M | $61,728 |
| 2023 | 3,580 | $63.3M | $53.1M | $88,449 |
| 2022 | 3,924 | $53.4M | $52.0M | $82,023 |
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 |
|---|---|---|---|---|
| HAWAII MEDICAL SERVICE ASSOCAITION | Other Service Provider | $1,060,438 | — | $1,060,438 |
| PACIFIC ADMINISTRATORS | Other Service Provider | $287,906 | — | $287,906 |
| HAWAII DENTAL SERVICE | Other Service Provider | $128,435 | — | $128,435 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $104,258 | — | $104,258 |
| RAEL & LETSON | Other Service Provider | $97,222 | — | $97,222 |
| BANK OF HAWAII | Other Service Provider | $91,518 | — | $91,518 |
| CHIROPLAN HAWAII, INC. | Other Service Provider | $72,534 | — | $72,534 |
| BENEFIT PLAN SOLUTIONS | Other Service Provider | $58,115 | — | $58,115 |
| SINGERLEWAK, LLP | Auditor | $36,151 | — | $36,151 |
| FIRST HAWAIIAN BANK | Other Service Provider | $27,167 | — | $27,167 |
| EIDE BAILLY LLP | Auditor | $22,886 | — | $22,886 |
| GYL FINANCIAL SYNERGIES | Other Service Provider | $20,000 | — | $20,000 |
| MZQ CONSULTING, LLC | Other Service Provider | $16,774 | — | $16,774 |
| YEE & KAWASHIMA, LLLP | ERISA Attorney | $10,956 | — | $10,956 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SINGERLEWAK, LLP — Auditor
- EIDE BAILLY LLP — Auditor
- YEE & KAWASHIMA, LLLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,034,360
- Estimated Expense Ratio: 2.827% 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 | $2,107,254 | $111,518 | $1,576,333 | $59,037 | — |
| 2023 | $2,064,311 | $122,483 | $1,531,375 | $47,524 | — |
| 2022 | $1,968,186 | $104,543 | $1,462,537 | — | $224,726 |