Plan Snapshot
- Plan Sponsor: Painting Industry Of Hawaii Health And Welfare Trust
- Sponsor EIN: 996007611
- Sponsor Address: 560 N NIMITZ HWY, SUITE 209, HONOLULU, HI, 96817
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 571
- Total Assets: $29.3M
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 | 571 | $29.3M | $9.0M | $129,920 |
| 2023 | 572 | $25.7M | $9.1M | $117,405 |
| 2022 | 537 | $23.0M | $8.3M | $133,092 |
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 |
|---|---|---|---|---|
| GROUP PLAN ADMINISTRATORS, INC. | Other Service Provider | $197,164 | $4,104 | $201,268 |
| BENEFIT & RISK MANAGEMENT SERVICES, | Other Service Provider | $58,784 | $984 | $59,768 |
| SINGERLEWAK, LLP | Auditor | $48,499 | — | $48,499 |
| THE SEGAL COMPANY, INC | Recordkeeper | $22,189 | — | $22,189 |
| FIRST HAWAIIAN BANK | Other Service Provider | $10,726 | $2,394 | $13,120 |
| RAYMOND JAMES & ASSOCIATES | Recordkeeper | $11,803 | — | $11,803 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SINGERLEWAK, LLP — Auditor
- THE SEGAL COMPANY, INC — Recordkeeper
- RAYMOND JAMES & ASSOCIATES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $356,647
- Estimated Expense Ratio: 1.216% 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 | $386,051 | $22,529 | $209,024 | $48,499 | — |
| 2023 | $375,328 | $20,441 | $208,728 | $47,680 | — |
| 2022 | $368,540 | $18,971 | $208,728 | — | $117,097 |