| Provider | Service type | Compensation |
|---|---|---|
Service code 49 1099 ALAKEA ST 1600 · HONOLULU, HI 96813 | Other Services | $14,326,968 |
HAWAII ELECTRICIANS ADMIN OFFICE6+ years Service code 14 · EIN 99-0109237 1935 HAU STREET, ROOM 300 · HONOLULU, HI 96819 | Plan Administrator | $553,081 |
ARCHITECTS HAWAII LTD1 year Service code 49 · EIN 99-0076120 733 BISHOP ST 3100 · HONOLULU, HI 96813 | Other Services | $445,982 |
WHITESTAR ADVISORS, LLC6+ years Filed as: WHITESTAR ADVISORS LLC Service code 10 · EIN 03-0496641 902 CLINT MOORE RD., SUITE 104 · BOCA RATON, FL 33487 | Accounting | $389,356 |
Filed as: SSI INVESTMENT MANAGEMENT Service code 28 · EIN 83-3986484 440 SANTA MONICA BLVD., 8TH FLOOR · BEVERLY HILLS, CA 90210 | Investment Management | $296,404 |
INDEPENDENT FINANCIAL PARTNERS6+ years Filed as: SIERRA INVESTMENT PARTNERS, INC. Service code 28 · EIN 68-0370668 101 YGNACIO VALLEY ROAD, SUITE 300 · WALNUT CREEK, CA 94596 | Investment Management | $277,451 |
HAWAIIAN ELECTRIC COMPANY6+ years Service code 49 820 WARD AVE · HONOLULU, HI 96814 | Other Services | $190,752 |
CENTRAL PACIFIC BANK5 years Service code 18 · EIN 99-0309010 P.O. BOX 1400 · HONOLULU, HI 96807 | Custodial (other than securities); Cu... | $164,383 |
Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 · EIN 59-1237041 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716 | Advisory (Plan) | $109,851 |
KLEENCO CORPORATION6+ years Service code 49 · EIN 99-0280479 3015 KOAPAKA ST A · HONOLULU, HI 96819 | Other Services | $80,511 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 3 Non-exempt transaction | LOCAL UNION 1186 | LABOR ORGANIZATION - COMMON MEMBERS RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $1.1M |
| Part 3 Non-exempt transaction | HAWAII ELECTRICIANS ADMINIST OFFICE | PLAN ADMINISTRATIVE OFFICE RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $71K |
| Part 3 Non-exempt transaction | HAWAII ELECTRICIANS TRAINING PLAN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $788K |
| Part 3 Non-exempt transaction | HAWAII ELECTRCIANS 1186 FED CRED UN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $5K |
| Part 3 Non-exempt transaction | HAWAII ELECTRICIANS ANNUITY PLAN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $170K |
| Part 3 Non-exempt transaction | HAWAII ELECTRICIANS MKT ENHANCEMEN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $72K |
| Part 3 Non-exempt transaction | HAWAII ELECTR HEALTH & WELFARE PLAN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $20K |
| Part 3 Non-exempt transaction | HEAII ELECTRICIANS WORK COMPEN PLAN | COMMON TRUSTEES - PARTY IN INTEREST RENTAL LEASE PAYMENTS LESS THAN FAIR MARKET AMOUNT | — | $226 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $444,552-100.0% | $201,582-100.0% | $444,552-100.0% |
| Participation rate | 0.0% | 0.0%0pp | 23.6%-23.6pp | 3.7%-3.7pp |
| Annual return | 19.61% | 19.37%+0.2pp | 11.08%+8.5pp | 15.63%+4.0pp |
| Employer contribution / active EE | $8,402 | $13,107-35.9% | $28,418-70.4% | $11,476-26.8% |
| Participant deferral / active EE | $0 | $2-100.0% | $86-100.0% | $1,127-100.0% |
| Admin fee / account holder | $0 | $429-100.0% | $6,559-100.0% | $429-100.0% |