Original filing (PDF)20251015131642NAL0002469027005

BOARD OF TRUSTEES OF HAWAII LONGSHORE PENSION PLAN

Name: BOARD OF TRUSTEES OF HAWAII LONGSHORE PENSION PLAN — HAWAII LONGSHORE PENSION PLAN, Form 5500 (2024)
Creator: BOARD OF TRUSTEES OF HAWAII LONGSHORE PENSION PLAN

Form 5500

FILING_RECEIVED

HAWAII LONGSHORE PENSION PLAN

Defined-benefit pension plan

Signals · 3

33% in single holdingNo recordkeeper disclosed11 service providers

Active participants

842

Accounts w/ balance

—

Plan assets (EOY)

$430.0M

Net assets (EOY)

$429.5M

How this plan invests

This plan

11 pooled trusts

Schedule D

123 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

Total plan cost

Vendor stack

Participation health

100

Knocking points off

Top holding "Equity securities U.S. equity Fidelity 500 Index Fund" is 33% of plan.
40 bps in Schedule C fees — 301% above peer band of 10 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES OF HAWAII LONGSHORE PENSION PLAN.

Plan sponsor

Name

BOARD OF TRUSTEES OF HAWAII LONGSHORE PENSION PLAN

EIN

99-0314293

Address

560 N. NIMITZ HWY., SUITE 209 · HONOLULU, HI · 96817

Phone

(808) 523-0199

Industry

Transportation & Warehousingsee all

Plan administrator

Name

BENEFIT & RISK MANAGEMENT SERVICES

EIN

68-0306908

City

FOLSOM, CA

Phone

(916) 467-1400

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

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

CW ASSOCIATES, CPS

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

11 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
JP MORGAN INVESTMENT MANAGEMENT INC	13-3200244	—	NONE	$269K	—
FIRST HAWAIIAN BANK INVESTMENT SVCS	99-0034327	—	NONE	$234K	—
GOEAS GROUP OF RAYMOND JAMES	—	—	NONE	$221K	—
THOMSON HORSTMANN & BRYANT	22-3508647	—	NONE	$216K	—
BENEFIT & RISK MANAGEMENT SERVICES	68-0306908	—	NONE	$185K	—
MILLIMAN, INC.	91-0675641	—	NONE	$157K	—
FIRST HAWAIIAN BANK	99-0034327	—	NONE	$141K	—
INVESCO ADVISORS, INC.	58-1707262	—	NONE	$129K	—
SEGAL SELECT INSURANCE SERVICES, IN	46-0619194	—	NONE	$81K	—
YAMAMOTO, CALIBOSO & HETHERINGTON	20-5115756	—	NONE	$57K	—
LEONARD CARDER, LLP	94-2819269	—	NONE	$34K	—

Investments

107 direct securities · 11 pooled funds· $422.5M(98% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.

Common Collective Trust

$343.4M

11 holdings

Uncategorized

$78.8M

106 holdings

OTHER

$209K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
FIDELITY 500 INDEX FUND FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$82.4M	$140.2M	32.6%
PIMCO INCOME FUND FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$44.3M	$39.0M	9.1%
International Dodge & Cox International Stock Fund	—	—	$32.5M	$38.2M	8.9%
JP MORGAN INVESTMENT FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$18.2M	$37.0M	8.6%
VICTORY THB SMALL CAP FUND LLC FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$5.7M	$36.1M	8.4%
WILLIAM BLAIR INTL LEADERS COLLECT FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$30.8M	$29.1M	6.8%
INVESCO BALANCED-RISK ALLOCATION FD FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$14.8M	$20.3M	4.7%
BLACKROCK LIQUIDITY FUND FEDFUND FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$16.2M	$16.2M	3.8%
GCM GROSVENOR MULTI-ASSET CLASS FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$8.1M	$9.4M	2.2%
ULLICO INFRASTRUCTURE TAX-EXEMPT FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$6.8M	$8.3M	1.9%
JP MORGAN INFRASTRUCTURE INVESTMENT FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$7.2M	$7.8M	1.8%
securities iShares Core S&P 500 ETF	—	—	$5.0M	$5.0M	1.2%
equity securities Vanguard Total International Stock ETF	—	—	$1.3M	$1.2M	0.3%
Fixed income securities Corporate iShares iBoxx USD Investment Grade debt instruments Corporate Bond ETF	—	—	$1.1M	$1.1M	0.3%
15 Nov 2032	—	—	$1.0M	$975K	0.2%
United States Treasury Note/Bond 3% 15 May 2042	—	—	$907K	$824K	0.2%
Janus Henderson AAA CLO ETF	—	—	$786K	$785K	0.2%
31 Aug 2031	—	—	$735K	$697K	0.2%
Invesco Senior Loan ETF	—	—	$674K	$674K	0.2%
iShares 0-5 Year High Yield Corporate Bond ETF	—	—	$625K	$618K	0.1%
iShares Russell 2000 Value ETF	—	—	$587K	$570K	0.1%
01 Feb 2052	—	—	$565K	$530K	0.1%
15 Feb 2039	—	—	$577K	$526K	0.1%
15 Feb 2029	—	—	$493K	$475K	0.1%
31 Mar 2030	—	—	$492K	$472K	0.1%
31 Aug 2029	—	—	$477K	$459K	0.1%
Government National Mortgage Association GNR 2021-41 XP 2.5% 20 Mar 2051	—	—	$472K	$453K	0.1%
iSHares Convertible Bond ETF	—	—	$450K	$449K	0.1%
15 May 2029	—	—	$447K	$433K	0.1%
15 Jun 2037	—	—	$439K	$433K	0.1%
First Trust SMID Cap Rising Dividend Achievers ETF	—	—	$449K	$429K	<0.1%
15 Jun 2035	—	—	$447K	$419K	<0.1%
15 Nov 2033	—	—	$446K	$418K	<0.1%
iShares Core MSCI Emerging Markets ETF	—	—	$453K	$417K	<0.1%
01 Dec 2051	—	—	$443K	$417K	<0.1%
01 Mar 2052	—	—	$444K	$416K	<0.1%
securities 01 May 2050	—	—	$443K	$416K	<0.1%
01 Jul 2051	—	—	$439K	$413K	<0.1%
Freddie Mac Pool FR ZS4697 3% 01 Jan 2047	—	—	$439K	$413K	<0.1%
01 Sep 2047	—	—	$439K	$412K	<0.1%
(continued) United States Treasury Note/Bond 4% 15 Feb 2034	—	—	$440K	$412K	<0.1%
15 Aug 2033	—	—	$421K	$395K	<0.1%
Wells Fargo Mortgage Backed Securities 2021-1 Trust WFMBS 2021-1 A3 Var 25 Dec 2050	—	—	$402K	$390K	<0.1%
FT Vest Laddered Buffer ETF	—	—	$379K	$382K	<0.1%
15 Feb 2045	—	—	$425K	$382K	<0.1%
01 Oct 2052	—	—	$402K	$380K	<0.1%
Fixed income securities (continued) U.S. government Fannie Mae REMICS FNR 2022-37 AC securities 4.5% 25 May 2048	—	—	$391K	$380K	<0.1%
Fannie Mae REMICS FNR 2017-33 JH 3.5% 25 May 2046	—	—	$382K	$379K	<0.1%
Fixed income securities (continued) U.S. government Fannie Mae Pool FN MA2705 3% securities 01 Aug 2046	—	—	$399K	$376K	<0.1%
01 Aug 2049	—	—	$394K	$370K	<0.1%
15 Aug 2032	—	—	$389K	$368K	<0.1%
iShares U.S. Technology ETF	—	—	$349K	$354K	<0.1%
15 Feb 2032	—	—	$350K	$332K	<0.1%
15 May 2032	—	—	$343K	$323K	<0.1%
25 Sep 2044	—	—	$330K	$322K	<0.1%
26 Aug 2039	—	—	$342K	$316K	<0.1%
Fannie Mae Pool FN MA5071 5% Jul 2053	—	—	$324K	$312K	<0.1%
Xtrackers MSCI EAFE High Dividend Yield Equity Stock Fund	—	—	$334K	$311K	<0.1%
CVS Pass-Through Trust 5.926% 10 Jan 2034	—	—	$316K	$306K	<0.1%
(continued) Verizon Master Trust VZMT 2024-6 A1A 4.17% 20 Aug 2030	—	—	$297K	$297K	<0.1%
securities 31 Oct 2031	—	—	$296K	$294K	<0.1%
iShares MSCI India ETF	—	—	$301K	$286K	<0.1%
Fannie Mae REMICS FNR 2013-49 BP 1.35% 25 Dec 2042	—	—	$287K	$285K	<0.1%
01 May 2054	—	—	$294K	$284K	<0.1%
Mello Mortgage Capital Acceptance 2018-MTG1 MELLO 2018-MTG1 B1 Var 25 Mar 2048	—	—	$285K	$280K	<0.1%
01 Oct 2052	—	—	$291K	$277K	<0.1%
Fannie Mae Pool FN MA4626 4% 01 Jun 2052	—	—	$291K	$277K	<0.1%
SBA Tower Trust 2.328% 15 Jan 2028	—	—	$279K	$274K	<0.1%
Fannie Mae REMICS FNR 2011-55 BZ 3.5% 25 Jun 2041	—	—	$281K	$270K	<0.1%
iShares 7-10 Year Treasury Bond ETF	—	—	$279K	$269K	<0.1%
Phillips 66 Partners LP 3.15% 15 Dec 2029	—	—	$262K	$250K	<0.1%
Fannie Mae REMICS FNR 2018-47 PC 3.5% 25 Sep 2047	—	—	$253K	$250K	<0.1%
15-Mar-27	—	—	$239K	$239K	<0.1%
Fixed income securities (continued) Corporate United Airlines 2024-1 Class A Pass debt instruments Through Trust 5.875% 15 Feb 2037	—	—	$243K	$239K	<0.1%
Alaska Airlines 2020-1 Class A Pass Through Trust 4.8% 15 Aug 2027	—	—	$241K	$238K	<0.1%
First Hawaiian Bank Dreyfus Treasury Securities Cash Management	—	—	$238K	$238K	<0.1%
Blue Owl Capital Corp 2.625% 15 Jan 2027	—	—	$237K	$236K	<0.1%
American Airlines 2019-1 Class AA Pass Through Trust 3.15% 15 Feb 2032	—	—	$242K	$236K	<0.1%
Gray Oak Pipeline LLC 3.45% 15 Oct 2027	—	—	$238K	$233K	<0.1%
FS KKR Capital Corp 6.875% 15 Aug 2029	—	—	$235K	$233K	<0.1%
National Rural Utilities Cooperative Finance Corp 8% 01 Mar 2032	—	—	$243K	$233K	<0.1%
debt instruments 15 Jun 2030	—	—	$238K	$231K	<0.1%
Fixed income securities (continued) Corporate AT&T Inc 2.75% 01 Jun 2031	—	—	$240K	$231K	<0.1%
NXP BV / NXP Funding LLC / NXP USA Inc 2.5% 5/11/2031	—	—	$237K	$230K	<0.1%
15 Jul 2030	—	—	$236K	$230K	<0.1%
Jackson Financial Inc 3.125% 23 Nov 2031	—	—	$237K	$230K	<0.1%
Quanta Services Inc 5.25% 09 Aug 2034	—	—	$241K	$230K	<0.1%
Discovery Communications LLC 5% 20 Sep 2037	—	—	$242K	$229K	<0.1%
01 Feb 2034	—	—	$239K	$229K	<0.1%
MasTec Inc 5.9% 15 Jun 2029	—	—	$235K	$229K	<0.1%
Leidos Inc 5.75% 15 Mar 2033	—	—	$238K	$228K	<0.1%
debt instruments AutoZone Inc 4.75% 01 Aug 2032	—	—	$237K	$227K	<0.1%
Enbridge Inc 5.7% 08 Mar 2033	—	—	$239K	$227K	<0.1%
Broadcom Inc 4.3% 15 Nov 2032	—	—	$236K	$226K	<0.1%
01 Jun 2033	—	—	$237K	$226K	<0.1%
Morgan Stanley Variable 3.971% 22 Jul 2038	—	—	$242K	$225K	<0.1%
Quest Diagnostics Inc 6.4% 30 Nov 2033	—	—	$235K	$225K	<0.1%
15 Oct 2035	—	—	$236K	$225K	<0.1%
Plains All American Pipeline LP/PAA	—	—	$235K	$225K	<0.1%
Georgia-Pacific LLC 7.75% 15 Nov 2029	—	—	$234K	$224K	<0.1%
15 Jul 2037	—	—	$231K	$224K	<0.1%
15 Sep 2037	—	—	$240K	$224K	<0.1%
25 Apr 2034	—	—	$234K	$223K	<0.1%
Sprint Spectrum Co LLC /II LLC/ III LLC 5.152% 20 Mar 2028	—	—	$224K	$222K	<0.1%
Domino's Pizza Master Issuer LLC DPABS 2021-1A A2I 2.662% 25 Apr 2051	—	—	$224K	$221K	<0.1%
Bristol-Myers Squibb Co 5.875% 15 Nov 2036	—	—	$235K	$218K	<0.1%
Applied Materials Inc 5.85% 15 Jun 2041	—	—	$239K	$218K	<0.1%
12 Dec 2038	—	—	$233K	$215K	<0.1%
bond funds First Trust Low Duration Opportunities ETF	OTHER	—	$211K	$209K	<0.1%
iShares US Real Estate ETF	—	—	$223K	$206K	<0.1%
iShares MSCI USA Quality Factor ETF	—	—	$203K	$199K	<0.1%
15 Feb 2033	—	—	$207K	$195K	<0.1%
(continued) Fannie Mae REMICS FNR 2024-20 CA 5.5% 25 Jan 2047	—	—	$179K	$180K	<0.1%
iShares MSCI Japan ETF	—	—	$142K	$137K	<0.1%
BAT Capital Corp 7.081% 02 Aug 2053	—	—	$113K	$113K	<0.1%
iShares Floating Rate Bond ETF	—	—	$104K	$104K	<0.1%
CarMax Auto Owner Trust 2023-1 CARMX 2023-1 A3 4.75% 15 Oct 2027	—	—	$100K	$101K	<0.1%
DREYFUS GOVERNMENT CASH MANAGEMENT FIRST HAWAIIAN BANK · EIN 99-0034327 / PN 000	Common Collective Trust	—	$1K	$1K	<0.1%