| Provider | Service type | Compensation |
|---|---|---|
Filed as: SSI INVESTMENT MANAGEMENT-INSTINET Service code 28 · EIN 13-2625132 309 WEST 49TH ST - 6TH FLOOR · NEW YORK, NY 10019 | Investment Management | $477,405 |
Filed as: SIERRA INVESTMENT PARTNERS, INC Service code 28 · EIN 68-0370668 101 YGNACIO VALLEY ROAD, SUITE 300 · WALNUT CREEK, CA 94596 | Investment Management | $413,198 |
Service code 28 · EIN 34-4813013 2270 KALAKAUA AVE SUITE 1788 · HONOLULU, HI 96815 | Investment Management | $404,639 |
HAWAII ELECTRICIANS ADMIN OFFICE7+ years Service code 13 · EIN 99-0109237 1935 HAU STREET, ROOM 450 · HONOLULU, HI 96819 | Contract Administrator | $394,083 |
Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 · EIN 59-1237041 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716 | Advisory (Plan) | $236,475 |
CENTRAL PACIFIC BANK5 years Service code 18 · EIN 99-0309010 P.O. BOX 1400 · HONOLULU, HI 96807 | Custodial (other than securities); Cu... | $168,575 |
WHITESTAR ADVISORS, LLC4 years Service code 28 · EIN 03-0496641 902 CLINT MOORE ROAD, SUITE 104 · BOCA RATON, FL 33487 | Investment Management | $156,845 |
FIRST HAWAIIAN BANK7+ years Service code 18 · EIN 99-0034327 P.O. BOX 3708 · HONOLULU, HI 96811 | Custodial (other than securities); Cu... | $139,916 |
Filed as: FOCUS INVESTMENT ADVISORS, INC. Service code 28 · EIN 81-1193503 511 SAXONY PLACE, SUITE 102 · ENCINITAS, CA 92024 | Investment Management | $120,742 |
Filed as: THREE PEAKS CAPITAL MANAGEMENT, LLC Service code 28 · EIN 56-2355177 3750 DACORO LANE, SUITE 100 · CASTLE ROCK, CO 80109 | Investment Management | $94,486 |
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 | OUT OF THE BLUE LLC | NONE REAL PROPERTY RELATED TO LEASE PAYMENTS WAS SOLD IN 2022. | — | — |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,966 | $76,774+15.9% | $112,270-20.8% | $77,906+14.2% |
| Participation rate | 100.0% | 80.2%+19.8pp | 75.1%+24.9pp | 73.7%+26.3pp |
| Annual return | -12.45% | -10.25%-2.2pp | 27.49%-39.9pp | 12.16%-24.6pp |
| Employer contribution / active EE | $6,996 | $3,977+75.9% | $3,635+92.4% | $2,846+145.8% |
| Participant deferral / active EE | $0 | $3,778-100.0% | $4,729-100.0% | $4,805-100.0% |
| Admin fee / account holder | $629 | $239+163.4% | $6,411-90.2% | $133+374.6% |