| Provider | Service type | Compensation |
|---|---|---|
HAWAII ELECTRICIANS ADMIN OFFICE4+ years Service code 13 · EIN 99-0109237 1935 HAU STREET, ROOM 300 · HONOLULU, HI 96819 | Contract Administrator | $348,410 |
Filed as: SSI INVESTMENT MANAGEMENT Service code 28 · EIN 13-2625132 9440 SANTA MONICA BLVD.,8TH FLOOR · BEVERLY HILLS, CA 90210 | Investment Management | $342,978 |
WHITESTAR ADVISORS, LLC1 year Service code 28 · EIN 03-0496641 902 CLINT MOORE ROAD, SUITE 104 · BOCA RATON, FL 33487 | Investment Management | $146,293 |
CENTRAL PACIFIC BANK2 years Service code 18 · EIN 99-0309010 P.O. BOX 1400 · HONOLULU, HI 96807 | Custodial (other than securities); Cu... | $132,892 |
FIRST HAWAIIAN BANK4+ years Service code 18 · EIN 99-0034327 P.O. BOX 3708 · HONOLULU, HI 96811 | Investment management; Custodial (oth... | $128,055 |
BUCKINGHAM STRATEGIC PARTNERS4+ years Filed as: FOCUS INVESTMENT ADVISORS Service code 28 · EIN 81-1193503 511 SAXONY PLACE SUITE 102 · ENCINITAS, CA 92024 | Investment Management | $114,805 |
Filed as: THREE PEAKS CAPITAL MANAGEMENT, LLC Service code 28 · EIN 56-2355177 3750 DACORO LANE, SUITE 100 · CASTLE ROCK, CO 80109 | Investment Management | $84,494 |
BRANDES INVESTMENT PARTNERS2 years Filed as: BRANDES INVESTMENT PARTNERS LP Service code 28 · EIN 36-7045786 11988 EL CAMINO REAL, SUITE 600 · SAN DIEGO, CA 92130 | Investment Management | $67,509 |
Filed as: LEMKE, CHINEN & TANAKA CPA, INC Service code 10 · EIN 99-0155373 500 ALA MOANA BLVD, SUITE 2-302 · HONOLULU, HI 96813 | Accounting | $60,785 |
LSV ASSET MANAGEMENT2 years Filed as: HGK ASSET MANAGEMENT Service code 28 · EIN 52-1296988 525 WASHINGTON BLVD, SUITE 2000 · JERSEY CITY, NJ 07310 | Investment Management | $54,133 |
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 2 Lease in default | STEVEN BOYLE DESIGN | NONE | — | — |
| Part 2 Lease in default | EDESIGN MAUI | NONE | — | — |
| Part 2 Lease in default | EVENT RENTAL | NONE | — | — |
| Part 2 Lease in default | OUT OF THE BLUE | NONE | — | — |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $85,919 | $66,051+30.1% | $92,916-7.5% | $77,775+10.5% |
| Participation rate | 99.9% | 81.0%+18.9pp | 76.0%+23.9pp | 73.2%+26.7pp |
| Annual return | 4.24% | 20.69%-16.5pp | 109.45%-105.2pp | 32.58%-28.3pp |
| Employer contribution / active EE | $6,508 | $3,426+90.0% | $3,654+78.1% | $2,504+159.9% |
| Participant deferral / active EE | $0 | $3,013-100.0% | $4,238-100.0% | $3,966-100.0% |
| Admin fee / account holder | $485 | $148+228.0% | $5,796-91.6% | $100+384.5% |