Original filing (PDF)20251015212119NAL0005620705001

HAWAIIAN ELECTRIC INDUSTRIES, INC.

Name: HAWAIIAN ELECTRIC INDUSTRIES, INC. — RETIREMENT PLAN FOR EMPLOYEES OF HAWAIIAN ELECTRIC INDUSTRIES, INC. AND PARTICIPATING SUBSIDIARIES, Form 5500 (2024)
Creator: HAWAIIAN ELECTRIC INDUSTRIES, INC.

Form 5500

FILING_RECEIVED

RETIREMENT PLAN FOR EMPLOYEES OF HAWAIIAN ELECTRIC INDUSTRIES, INC. AND PARTICIPATING SUBSIDIARIES

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed15 service providers

Active participants

2,139

Accounts w/ balance

—

Plan assets (EOY)

$1.9B

Net assets (EOY)

$1.9B

How this plan invests

This plan

3 pooled trusts

Schedule D

564 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

21 bps in Schedule C fees — 310% above peer band of 5 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for HAWAIIAN ELECTRIC INDUSTRIES, INC..

Plan sponsor

Name

HAWAIIAN ELECTRIC INDUSTRIES, INC.

EIN

99-0208097

Address

P. O. BOX 2750, AL20-FB · HONOLULU, HI · 968400001

Phone

(808) 543-4685

Industry

Management of Companies / Holdingssee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

1A · Pay-related DB formula

1E · Section 401(h) arrangement

3F · Sponsor used leased employees

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Auditor

CW ASSOCIATES, CPAS

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

15 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
STAFFORD CAPITAL PARTNERS	85-4023162	—	NONE	$1.2M	—
MERRILL LYNCH	13-5674085	—	NONE	$909K	—
WILLIS TOWERS WATSON US LLC	53-0181291	—	NONE	$564K	—
THE BANK OF NEW YORK MELLON	13-5160382	—	NONE	$278K	—
EARNEST PARTNERS LLC	58-2386669	—	NONE	$254K	—
INVESCO TRUST COMPANY	46-3793325	—	NONE	$174K	—
FRANKLIN ADVISERS, INC.	94-2990534	—	NONE	$119K	—
FIDELITY INST ASSET MGMT TRUST CO	20-2159373	—	NONE	$89K	—
GAMCO ASSET MANAGEMENT, INC.	13-4044521	—	NONE	$85K	—
PAYDEN & RYGEL	—	LOS ANGELES, CA	NONE	$74K	—
NFJ INVESTMENT GROUP, LLC	35-2700930	—	NONE	$68K	—
MACQUARIE INV. MANAGEMENT ADVISORS	23-2859590	—	NONE	$43K	—
CW ASSOCIATES, CPAS	26-1659234	—	NONE	$28K	—
LSM CONSULTANTS LLC	27-4006199	—	NONE	$20K	—
TRUCKER HUSS, APC	94-3216063	—	NONE	$14K	—

Investments

550 direct securities · 3 pooled funds· $1.9B(97% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$1.8B

550 holdings

Common Collective Trust

$45.1M

3 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
Equity Index Funds and ETF VANGUARD FTSE DEVELOPED ETF	—	—	$5.3M	$252.9M	13.2%
VANGUARD INST INDEX-INST+	—	—	$78.6M	$237.4M	12.4%
VANGUARD MID-CAP ETF	—	—	$711K	$187.7M	9.8%
VANGUARD FTSE EMERGING MKT	—	—	$72.0M	$75.5M	3.9%
interest, collateral, (b) Identity of issue, borrower, lessor, par, or maturity value (e) Current (a) or similar party (shares) (d) Cost value Private Equity at NAV STAFFORD PILINA PE FD LP	—	—	$52.6M	$65.0M	3.4%
ISHARES CORE S&P SMALL-CAP E	—	—	$33.0M	$50.9M	2.7%
BNY COLLECTIVE TRUST GOV'T STIF THE BANK OF NEW YORK MELLON · EIN 81-6243181 / PN 001	Common Collective Trust	—	$45.1M	$45.1M	2.4%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2052 DD 05/16/22	—	—	$29.1M	$26.5M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2049 DD 05/15/19	—	—	$28.5M	$26.4M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 08/15/2053 DD 08/15/23	—	—	$29.2M	$26.2M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2049 DD 11/15/19	—	—	$28.4M	$26.1M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 08/15/2052 DD 08/15/22	—	—	$29.2M	$26.1M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2051 DD 05/17/21	—	—	$28.6M	$26.0M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 08/15/2050 DD 08/17/20	—	—	$28.7M	$26.0M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2050 DD 11/16/20	—	—	$28.3M	$25.9M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2053 DD 11/15/23	—	—	$28.7M	$25.8M	1.4%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2052 DD 11/15/22	—	—	$28.1M	$25.3M	1.3%
U S TREASURY BD PRIN STRIP 0.000% 02/15/2054 DD 02/15/24	—	—	$22.8M	$21.1M	1.1%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2053 DD 05/15/23	—	—	$21.7M	$20.3M	1.1%
U S TREASURY BD PRIN STRIP 0.000% 08/15/2054 DD 08/15/24	—	—	$20.1M	$19.0M	1.0%
APPLE INC	—	—	$12.2M	$18.0M	0.9%
U S TREASURY BD PRIN STRIP 0.000% 11/15/2051 DD 11/15/21	—	—	$18.7M	$16.8M	0.9%
MICROSOFT CORP	—	—	$12.5M	$15.2M	0.8%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2050 DD 05/15/20	—	—	$14.5M	$13.3M	0.7%
U S TREASURY BD CPN STRIP 0.000% 02/15/2052 DD 02/15/22	—	—	$13.2M	$12.1M	0.6%
BROADCOM INC	—	—	$6.2M	$10.3M	0.5%
NVIDIA CORP	—	—	$5.6M	$8.2M	0.4%
U S TREASURY BD PRIN STRIP 0.000% 02/15/2053 DD 02/15/23	—	—	$8.6M	$7.7M	0.4%
VANGUARD REAL ESTATE ETF	—	—	$7.0M	$7.2M	0.4%
AMAZON.COM INC	—	—	$4.1M	$5.1M	0.3%
ISHARES CORE S&P 500 ETF	—	—	$2.4M	$5.0M	0.3%
ALPHABET INC	—	—	$3.1M	$5.0M	0.3%
JPMORGAN CHASE & CO	—	—	$3.8M	$4.8M	0.3%
U S TREASURY BD PRIN STRIP 0.000% 02/15/2051 DD 02/16/21	—	—	$4.5M	$4.3M	0.2%
VISA INC	—	—	$3.7M	$4.2M	0.2%
EATON CORP PLC	—	—	$2.4M	$4.0M	0.2%
QUANTA SERVICES INC	—	—	$3.1M	$4.0M	0.2%
U S TREASURY BD PRIN STRIP 0.000% 05/15/2054 DD 05/15/24	—	—	$4.4M	$3.9M	0.2%
MERCK & CO INC	—	—	$3.9M	$3.9M	0.2%
HOME DEPOT INC/THE	—	—	$3.8M	$3.9M	0.2%
EXXON MOBIL CORP	—	—	$3.6M	$3.7M	0.2%
AT&T INC	—	—	$2.6M	$3.5M	0.2%
BLACKSTONE INC	—	—	$2.4M	$3.3M	0.2%
CORNING INC	—	—	$2.2M	$3.2M	0.2%
CISCO SYSTEMS INC	—	—	$2.4M	$3.2M	0.2%
RTX CORP	—	—	$2.1M	$3.1M	0.2%
MORGAN STANLEY	—	—	$1.9M	$3.0M	0.2%
BERKSHIRE HATHAWAY INC	—	—	$2.7M	$3.0M	0.2%
META PLATFORMS INC	—	—	$2.2M	$3.0M	0.2%
CHEVRON CORP	—	—	$2.6M	$3.0M	0.2%
WALMART INC	—	—	$1.9M	$2.9M	0.2%
PALO ALTO NETWORKS INC	—	—	$2.3M	$2.9M	0.1%
PRUDENTIAL FINANCIAL INC	—	—	$2.7M	$2.9M	0.1%
ELI LILLY & CO	—	—	$2.8M	$2.8M	0.1%
BLACKROCK INC	—	—	$2.2M	$2.7M	0.1%
CAPITAL ONE FINANCIAL CORP	—	—	$2.3M	$2.7M	0.1%
PROCTER & GAMBLE CO/THE	—	—	$2.6M	$2.7M	0.1%
TESLA INC	—	—	$1.6M	$2.5M	0.1%
JOHNSON & JOHNSON	—	—	$2.5M	$2.5M	0.1%
UNITEDHEALTH GROUP INC	—	—	$2.3M	$2.4M	0.1%
MASTERCARD INC	—	—	$2.2M	$2.4M	0.1%
WEC ENERGY GROUP INC	—	—	$2.1M	$2.4M	0.1%
COCA-COLA CO/THE	—	—	$2.1M	$2.4M	0.1%
RAYMOND JAMES FINANCIAL INC	—	—	$1.8M	$2.2M	0.1%
ABBOTT LABORATORIES	—	—	$2.4M	$2.2M	0.1%
ADVANCED ENERGY INDUSTRIES INC	—	—	$1.8M	$2.2M	0.1%
ANALOG DEVICES INC	—	—	$1.9M	$2.1M	0.1%
TJX COS INC/THE	—	—	$1.2M	$2.1M	0.1%
ARCHROCK INC	—	—	$1.6M	$2.1M	0.1%
SALESFORCE INC	—	—	$1.8M	$2.0M	0.1%
DUPONT DE NEMOURS INC	—	—	$1.9M	$2.0M	0.1%
AKAMAI TECHNOLOGIES INC	—	—	$2.2M	$2.0M	0.1%
WILLIS TOWERS WATSON PLC	—	—	$1.7M	$1.9M	0.1%
TARGET CORP	—	—	$2.5M	$1.9M	0.1%
CITIGROUP INC	—	—	$1.6M	$1.9M	0.1%
WILLIAMS COS INC/THE	—	—	$1.3M	$1.9M	<0.1%
WALT DISNEY CO/THE	—	—	$1.8M	$1.9M	<0.1%
VALERO ENERGY CORP	—	—	$2.3M	$1.9M	<0.1%
SANMINA CORP	—	—	$1.4M	$1.8M	<0.1%
MARVELL TECHNOLOGY INC	—	—	$1.4M	$1.8M	<0.1%
GLOBAL PAYMENTS INC	—	—	$2.1M	$1.8M	<0.1%
MICROCHIP TECHNOLOGY INC	—	—	$3.0M	$1.8M	<0.1%
VERIZON COMMUNICATIONS INC	—	—	$2.0M	$1.8M	<0.1%
FB FINANCIAL CORP	—	—	$1.2M	$1.8M	<0.1%
UNITED RENTALS INC	—	—	$1.7M	$1.8M	<0.1%
INTERNATIONAL BUSINESS MACHINE	—	—	$1.5M	$1.7M	<0.1%
L3HARRIS TECHNOLOGIES INC	—	—	$1.9M	$1.7M	<0.1%
WSFS FINANCIAL CORP	—	—	$1.3M	$1.7M	<0.1%
HARTFORD FINANCIAL SERVICES GR	—	—	$1.5M	$1.7M	<0.1%
MOOG INC	—	—	$1.3M	$1.7M	<0.1%
US BANCORP	—	—	$1.7M	$1.7M	<0.1%
UNITED PARCEL SERVICE INC	—	—	$1.8M	$1.6M	<0.1%
PNC FINANCIAL SERVICES GROUP I	—	—	$1.5M	$1.6M	<0.1%
STARBUCKS CORP	—	—	$1.7M	$1.6M	<0.1%
MCDONALD'S CORP	—	—	$1.6M	$1.6M	<0.1%
FRANKLIN ELECTRIC CO INC	—	—	$1.7M	$1.6M	<0.1%
COSTCO WHOLESALE CORP	—	—	$1.3M	$1.6M	<0.1%
FIRSTCASH HOLDINGS INC	—	—	$1.9M	$1.6M	<0.1%
CIENA CORP	—	—	$992K	$1.6M	<0.1%
DIGITAL REALTY TRUST INC	—	—	$1.3M	$1.6M	<0.1%
TEXAS INSTRUMENTS INC	—	—	$1.5M	$1.6M	<0.1%
GENERAC HOLDINGS INC	—	—	$1.2M	$1.5M	<0.1%
AIR PRODUCTS AND CHEMICALS INC	—	—	$1.3M	$1.5M	<0.1%
FIFTH THIRD BANCORP 2.550% 05/05/2027 DD 05/05/20	—	—	$1.5M	$1.5M	<0.1%
ABBVIE INC	—	—	$1.5M	$1.5M	<0.1%
VIAVI SOLUTIONS INC	—	—	$1.2M	$1.5M	<0.1%
PHILIP MORRIS INTERNATIONAL IN	—	—	$1.0M	$1.5M	<0.1%
LOCKHEED MARTIN CORP	—	—	$1.3M	$1.5M	<0.1%
CATERPILLAR FINANCIAL SERVICES 4.850% 02/27/2029 DD 02/27/24	—	—	$1.5M	$1.5M	<0.1%
COOPER COS INC/THE	—	—	$1.7M	$1.5M	<0.1%
ACCENTURE PLC	—	—	$1.6M	$1.5M	<0.1%
QUALCOMM INC	—	—	$1.0M	$1.5M	<0.1%
KKR & CO INC	—	—	$978K	$1.5M	<0.1%
COMCAST CORP	—	—	$1.6M	$1.5M	<0.1%
UNION PACIFIC CORP	—	—	$1.6M	$1.5M	<0.1%
HEXCEL CORP	—	—	$1.5M	$1.5M	<0.1%
PUBLIC SERVICE ENTERPRISE GROU	—	—	$1.1M	$1.5M	<0.1%
ALLSTATE CORP/THE	—	—	$1.2M	$1.5M	<0.1%
EMERSON ELECTRIC CO	—	—	$783K	$1.4M	<0.1%
DOVER CORP	—	—	$1.3M	$1.4M	<0.1%
BOSTON SCIENTIFIC CORP	—	—	$1.1M	$1.4M	<0.1%
AMERICAN ELECTRIC POWER CO INC	—	—	$1.3M	$1.4M	<0.1%
HACKETT GROUP INC/THE	—	—	$1.0M	$1.4M	<0.1%
ZEBRA TECHNOLOGIES CORP	—	—	$1.0M	$1.4M	<0.1%
HILTON WORLDWIDE HOLDINGS INC	—	—	$1.1M	$1.4M	<0.1%
CIRRUS LOGIC INC	—	—	$1.2M	$1.4M	<0.1%
DR HORTON INC	—	—	$1.4M	$1.3M	<0.1%
DELTA AIR LINES INC	—	—	$943K	$1.3M	<0.1%
BIO-RAD LABORATORIES INC	—	—	$1.2M	$1.3M	<0.1%
ARCH CAPITAL GROUP LTD	—	—	$1.2M	$1.3M	<0.1%
JAZZ PHARMACEUTICALS PLC	—	—	$1.2M	$1.3M	<0.1%
MKS INSTRUMENTS INC	—	—	$1.6M	$1.3M	<0.1%
SPDR S&P BIOTECH ETF	—	—	$1.4M	$1.3M	<0.1%
ALBANY INTERNATIONAL CORP	—	—	$1.4M	$1.3M	<0.1%
AMEREN CORP	—	—	$1.1M	$1.2M	<0.1%
FIRST HORIZON CORP	—	—	$947K	$1.2M	<0.1%
ALLISON TRANSMISSION HOLDINGS	—	—	$863K	$1.2M	<0.1%
WASTE MANAGEMENT INC	—	—	$1.2M	$1.2M	<0.1%
CMS ENERGY CORP	—	—	$1.1M	$1.2M	<0.1%
WELLS FARGO & CO	—	—	$945K	$1.2M	<0.1%
FORMFACTOR INC	—	—	$1.2M	$1.2M	<0.1%
S&T BANCORP INC	—	—	$934K	$1.2M	<0.1%
ROYAL CARIBBEAN CRUISES LTD	—	—	$674K	$1.2M	<0.1%
DARLING INGREDIENTS INC	—	—	$1.4M	$1.2M	<0.1%
DIGI INTERNATIONAL INC	—	—	$1.2M	$1.2M	<0.1%
PEPSICO INC	—	—	$1.2M	$1.2M	<0.1%
OXFORD INDUSTRIES INC	—	—	$1.4M	$1.2M	<0.1%
FOX CORP	—	—	$677K	$1.2M	<0.1%
INSPERITY INC	—	—	$1.5M	$1.1M	<0.1%
NUTANIX INC	—	—	$1.1M	$1.1M	<0.1%
TELEDYNE TECHNOLOGIES INC	—	—	$988K	$1.1M	<0.1%
PHILLIPS 66 4.650% 11/15/2034 DD 11/17/14	—	—	$1.2M	$1.1M	<0.1%
SYSCO CORP	—	—	$1.0M	$1.1M	<0.1%
DARDEN RESTAURANTS INC	—	—	$1.0M	$1.1M	<0.1%
HOLDINGNEXTERA ENERGY CAPITAL	—	—	$1.1M	$1.1M	<0.1%
MERCK & CO INC 4.500% 05/17/2033 DD 05/17/23	—	—	$1.1M	$1.1M	<0.1%
DELL INTERNATIONAL LLC / EMC C 5.400% 04/15/2034 DD 03/18/24	—	—	$1.1M	$1.1M	<0.1%
WESBANCO INC	—	—	$940K	$1.1M	<0.1%
TRIUMPH FINANCIAL INC	—	—	$923K	$1.1M	<0.1%
MEDTRONIC INC 4.375% 03/15/2035 DD 03/15/15	—	—	$1.1M	$1.1M	<0.1%
WORLDWIDEANHEUSER-BUSCH INBEV	—	—	$1.1M	$1.1M	<0.1%
KENTUCKY UTILITIES CO 3.300% 06/01/2050 DD 06/03/20	—	—	$1.1M	$1.1M	<0.1%
HCA INC 5.600% 04/01/2034 DD 02/23/24	—	—	$1.1M	$1.1M	<0.1%
KINDER MORGAN INC 5.400% 02/01/2034 DD 02/01/24	—	—	$1.1M	$1.1M	<0.1%
DTE ELECTRIC CO 2.950% 03/01/2050 DD 02/26/20	—	—	$1.1M	$1.1M	<0.1%
DUKE ENERGY CAROLINAS LLC 3.550% 03/15/2052 DD 03/04/22	—	—	$1.1M	$1.1M	<0.1%
FOUR CORNERS PROPERTY TRUST IN	—	—	$949K	$1.1M	<0.1%
MARTIN MARIETTA MATERIALS INC	—	—	$1.3M	$1.1M	<0.1%
STANLEY BLACK & DECKER INC	—	—	$1.1M	$1.1M	<0.1%
BERRY GLOBAL GROUP INC	—	—	$926K	$1.1M	<0.1%
EASTGROUP PROPERTIES INC	—	—	$1.1M	$1.1M	<0.1%
FLUOR CORP	—	—	$872K	$1.1M	<0.1%
PENN ENTERTAINMENT INC	—	—	$957K	$1.1M	<0.1%
CATERPILLAR INC 3.250% 04/09/2050 DD 04/09/20	—	—	$1.2M	$1.1M	<0.1%
KROGER CO/THE	—	—	$967K	$1.1M	<0.1%
VF CORP	—	—	$820K	$1.1M	<0.1%
STEELCASE INC	—	—	$1.1M	$1.0M	<0.1%
TYSON FOODS INC	—	—	$978K	$1.0M	<0.1%
LITTELFUSE INC	—	—	$1.0M	$1.0M	<0.1%
SKECHERS USA INC	—	—	$941K	$1.0M	<0.1%
LUXFER HOLDINGS PLC	—	—	$899K	$1.0M	<0.1%
EVERSOURCE ENERGY	—	—	$1.1M	$1.0M	<0.1%
REVVITY INC	—	—	$968K	$1.0M	<0.1%
ROSS STORES INC	—	—	$984K	$1.0M	<0.1%
NOV INC	—	—	$1.3M	$1.0M	<0.1%
CABOT CORP	—	—	$1.0M	$991K	<0.1%
MERITAGE HOMES CORP	—	—	$993K	$987K	<0.1%
ENTEGRIS INC	—	—	$1.3M	$981K	<0.1%
NEXTERA ENERGY INC	—	—	$765K	$977K	<0.1%
REPUBLIC SERVICES INC 3.050% 03/01/2050 DD 02/27/20	—	—	$978K	$971K	<0.1%
BARCLAYS PLC 4.950% 01/10/2047 DD 01/10/17	—	—	$993K	$969K	<0.1%
KIMBALL ELECTRONICS INC	—	—	$1.1M	$969K	<0.1%
GENERAL MILLS INC	—	—	$983K	$960K	<0.1%
EBAY INC	—	—	$791K	$958K	<0.1%
VAREX IMAGING CORP	—	—	$889K	$958K	<0.1%
AXON ENTERPRISE INC	—	—	$197K	$954K	<0.1%
J M SMUCKER CO/THE	—	—	$1.0M	$952K	<0.1%
NORTHERN TRUST CORP	—	—	$757K	$950K	<0.1%
APPLE INC 4.100% 08/08/2062 DD 08/08/22	—	—	$992K	$948K	<0.1%
BECTON DICKINSON & CO	—	—	$1.0M	$943K	<0.1%

Showing top 200 of 553 investments by value.