Plan Snapshot
- Plan Sponsor: Ilwu Local 142 Voluntary Employees' Beneficiary Association Trust
- Sponsor EIN: 202142939
- Sponsor Address: 1440 KAPIOLANI BLVD STE 800, HONOLULU, HI, 968143613
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,730
- Total Assets: $6.5M
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 | 5,730 | $6.5M | $260,051 | $60,707 |
| 2023 | 7,483 | $6.1M | $0 | $317,019 |
| 2022 | 8,334 | $5.6M | $0 | $383,119 |
| 2020 | 4,572 | $5.5M | $0 | $355,960 |
| 2019 | 7,108 | $5.1M | $308,863 | $135,849 |
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 |
|---|---|---|---|---|
| WITHUMSMITH+BROWN, PC | Auditor | $81,347 | — | $81,347 |
| PACIFIC ADMINISTRATORS, INC. | Other Service Provider | $28,485 | — | $28,485 |
| FIRST HAWAIIAN BANK | Other Service Provider | $23,984 | — | $23,984 |
| BUSINESS INSURANCE SERVICES, INC. | Other Service Provider | $5,536 | — | $5,536 |
| BENEFIT PLAN SOLUTIONS, INC. | Other Service Provider | $5,202 | — | $5,202 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,554
- Estimated Expense Ratio: 2.217% 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 | $137,936 | $15,087 | $23,109 | $72,628 | — |
| 2023 | $58,660 | $12,848 | $25,140 | — | — |
| 2022 | $67,211 | $13,218 | $24,339 | — | $14,336 |
| 2020 | $52,003 | $12,668 | $20,493 | — | — |
| 2019 | $64,148 | $11,532 | $21,867 | — | $13,385 |