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Original filing (PDF)20251117180629NAL0001575985001

HAWAII SHEET METAL WORKERS PENSION FUND

Form 5500
FILING_RECEIVED
HAWAII SHEET METAL WORKERS PENSION FUND
Defined-benefit pension plan
Signals · 3
48% employer stockNo recordkeeper disclosed20 service providers
Active participants
430
Accounts w/ balance
Plan assets (EOY)
$316.2M
Net assets (EOY)
$315.3M
How this plan invests
This plan
1 pooled trust
Schedule D
1,094 securities
funds · stocks · CUSIPs

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

Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
  • 48% of plan in employer / sponsor stock.
  • 54 bps in Schedule C fees — 439% 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 HAWAII SHEET METAL WORKERS PENSION FUND.
Plan sponsor
Name
HAWAII SHEET METAL WORKERS PENSION FUND
EIN
99-6009479
Address
1405 N KING ST SUITE 403 · HONOLULU, HI · 96817
Phone
(808) 841-6106
Industry
Plumbing, Heating, AC Contractors· Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-02-01
Tax period
2025-01-31
Filed
2025-11-17
Pension benefit codes
1B · Flat-dollar DB formula
Audit & trust (Schedule H)
Auditor
WITHUMSMITH+BROWN, PC
Trustee / custodian
Trustee phone

Service providers (Schedule C)

20 rows
Other
20
NameEINLocationRelationDirect compIndirect comp
HSM ADMIN OFFICE99-0115396NONE$223K
F/M INVESTMENTS, LLC93-4308588NONE$180K
CENTRAL PACIFIC BANK99-0309010NONE$178K
BOSTON PARTNERS04-3270358NONE$159K
DODGE & COX94-1441976NONE$153K
MORGAN STANLEY81-5465684NONE$141K
MILLER HOWARD14-1710657NONE$111K
STONEBRIDGE ADVISORS LLC34-2027194NONE$108K
LAZARD ASSET MGNT05-0530199NONE$102K
THE SEGAL COMPANY94-1503999NONE$78K
EIDE BAILLY LLP45-0250958NONE$71K
POLEN CAPITAL26-0319356NONE$45K
SALTZMAN & JOHNSON94-2376174NONE$40K
J.P. MORGAN13-4994650NONE$30K
DSM CAPITAL PARTNERS31-1770164NONE$26K
BROWN ADVISORY LLC26-4560299NONE$25K
BENESYS94-1503999NONE$16K
YOSHIDA & ASSOCIATES99-0337282NONE$13K
WITHUMSMITH+BROWN, PC22-2027092NONE$6K
SEGAL SELECT INSURANCE SERVICES INC46-0619194NONE$0

Investments

1,076 direct securities · 1 pooled fund· $310.2M(98% 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.

Common Stocks
$150.3M
494 holdings
Uncategorized
$71.6M
240 holdings
Mutual Funds
$36.8M
7 holdings
Corporate Bonds
$31.8M
322 holdings
Preferred Stocks
$14.2M
13 holdings
Common Collective Trust
$5.6M
1 holding
PIInvestmentTypeShares / unitsCostCurrent value% of plan
Partnerships Madison Core Property Fund LP$7.0M$14.8M4.7%
Mutual Funds iShares Russell 1000 Growth ETF
Mutual Funds
$7.4M$10.5M3.3%
Money Market Mutual Funds Fidelity Government Portfolio$9.0M$9.0M2.8%
Money Market Deposit Account Money Market / Cash Reserves$7.5M$7.5M2.4%
iShares Russell Mid-Cap Value ETF
Mutual Funds
$3.0M$6.3M2.0%
BOSTON PARTNERS GLOBAL EQUITY FUND
BOSTON PARTNERS GLOBAL EQUITY FUND C/O BNY MELLON TRUST DELAWARE · EIN 20-5461810 / PN 001
Common Collective Trust
$3.2M$5.6M1.8%
iShares Russell 2000 Value ETF
Mutual Funds
$2.7M$5.3M1.7%
iShares Russell 2000 Growth ETF
Mutual Funds
$2.7M$4.8M1.5%
iShares Russell 2000 Growth ETF
Mutual Funds
$1.9M$3.4M1.1%
Lazard Emerging Markets Equity Portfolio
Mutual Funds
$3.3M$3.3M1.1%
iShares Russell 2000 Value ETF
Mutual Funds
$1.6M$3.2M1.0%
Preferred Stock JPMorgan Chase & Co Variable 6.875%
Preferred Stocks
$1.8M$1.8M0.6%
Common Stock Charles Schwab Corp/The
Common Stocks
$570K$1.6M0.5%
Bank of America Corp Variable 6.125%
Preferred Stocks
$1.6M$1.6M0.5%
Wells Fargo & Co Variable 6.85%
Preferred Stocks
$1.6M$1.6M0.5%
Fiserv Inc
Common Stocks
$739K$1.5M0.5%
JPMorgan Chase & Co
Common Stocks
$624K$1.5M0.5%
Goldman Sachs Group Inc/The Variable 7.5%
Preferred Stocks
$1.4M$1.4M0.4%
State Street Corp Variable 6.7%
Preferred Stocks
$1.4M$1.4M0.4%
RTX Corp
Common Stocks
$730K$1.4M0.4%
Citigroup Inc Variable 7%
Preferred Stocks
$1.3M$1.3M0.4%
US Government and State Securities US Treasury Notes United States Treasury Note/Bond 2.375% 31 Mar 2029$1.3M$1.3M0.4%
Wells Fargo & Co
Common Stocks
$590K$1.3M0.4%
US Govt Obligations Fannie Mae Pool FN CB4361 3.5% 01 Aug 2052$1.2M$1.3M0.4%
Apple Inc
Common Stocks
$252K$1.2M0.4%
Johnson Controls International plc
Common Stocks
$667K$1.2M0.4%
Charles Schwab Corp/The Variable 4%
Preferred Stocks
$1.1M$1.2M0.4%
PNC Financial Services Group Inc/The Variable 6%
Preferred Stocks
$1.2M$1.2M0.4%
NVIDIA Corp
Common Stocks
$91K$1.2M0.4%
US Treasury Notes United States Treasury Note/Bond 3.625% 15 May 2026$1.1M$1.2M0.4%
US Treasury Notes United States Treasury Note/Bond 4.625% 30 Sep 2030$1.1M$1.1M0.4%
Microsoft CORP
Common Stocks
$277K$1.1M0.4%
MetLife Inc
Common Stocks
$518K$1.1M0.3%
US Treasury Notes United States Treasury Note/Bond 4.25% 15 Feb 2054$1.1M$1.1M0.3%
US Treasury Notes United States Treasury Note/Bond 4.875% 31 Oct 2030$1.0M$1.0M0.3%
Sanofi SA
Common Stocks
$805K$1000K0.3%
US Treasury Notes United States Treasury Note/Bond 3.875% 15 Aug 2034$1.0M$983K0.3%
US Treasury Notes United States Treasury Note/Bond 4.25% 15 Nov 2034$993K$972K0.3%
MPLX LP
Common Stocks
$495K$967K0.3%
Gilead Sciences Inc
Common Stocks
$670K$958K0.3%
Bank of New York Mellon Corp/The
Common Stocks
$540K$949K0.3%
US Govt Obligations Freddie Mac Pool FR RA7278 3.5% 01 May 2052$981K$945K0.3%
American Express Co Variable 3.55%
Preferred Stocks
$918K$926K0.3%
US Treasury Notes United States Treasury Note/Bond 2.375% 15 Nov 2049$1.3M$917K0.3%
Corporate Debt Instruments Corporate Bonds Corebridge Financial Inc Variable 6.375% 15 Sep 2054$923K$913K0.3%
Duke Energy Corp Variable 6.45% 01 Sep 2054
Corporate Bonds
$909K$904K0.3%
Enbridge Inc Variable 8.5% 15 Jan 2084
Corporate Bonds
$872K$902K0.3%
Alphabet Inc
Common Stocks
$491K$896K0.3%
Goldman Sachs Group Inc/The
Common Stocks
$458K$891K0.3%
Jefferies Financial Group Inc
Common Stocks
$309K$879K0.3%
Apple Inc
Common Stocks
$779K$875K0.3%
Amazon.com Inc
Common Stocks
$485K$868K0.3%
Charter Communications Inc
Common Stocks
$771K$864K0.3%
Bank of New York Mellon Corp/The
Common Stocks
$331K$859K0.3%
CVS Health Corp
Common Stocks
$997K$853K0.3%
Paychex Inc
Common Stocks
$691K$846K0.3%
Amazon.com Inc
Common Stocks
$391K$844K0.3%
US Treasury Notes United States Treasury Note/Bond 1.125% 15 May 2040$1.1M$841K0.3%
Meta Platforms Inc
Common Stocks
$535K$837K0.3%
Johnson & Johnson
Common Stocks
$864K$833K0.3%
Alphabet Inc
Common Stocks
$458K$822K0.3%
Amazon.com Inc
Common Stocks
$342K$818K0.3%
Old Republic International Corp
Common Stocks
$490K$816K0.3%
Cisco Systems Inc
Common Stocks
$629K$803K0.3%
Alphabet Inc
Common Stocks
$231K$797K0.3%
Microsoft CORP
Common Stocks
$120K$789K0.2%
AbbVie INC
Common Stocks
$351K$784K0.2%
FedEx Corp
Common Stocks
$456K$781K0.2%
Amazon.com Inc
Common Stocks
$468K$773K0.2%
Capital One Financial Corp
Common Stocks
$203K$764K0.2%
US Treasury Notes United States Treasury Note/Bond 3.625% 31 Mar 2030$756K$744K0.2%
US Govt Obligations Freddie Mac Pool FR SD8214 3.5% 01 May 2052$751K$739K0.2%
Gilead Sciences Inc
Common Stocks
$520K$739K0.2%
US Treasury Notes United States Treasury Note/Bond 4.375% 15 May 2034$736K$735K0.2%
AbbVie INC
Common Stocks
$673K$723K0.2%
Philip Morris International Inc
Common Stocks
$544K$718K0.2%
Norfolk Southern Corp
Common Stocks
$588K$702K0.2%
Medtronic PLC
Common Stocks
$598K$702K0.2%
Air Lease Corp Variable 6%
Preferred Stocks
$709K$702K0.2%
MetLife Inc Variable 3.85%
Preferred Stocks
$698K$696K0.2%
Dominion Energy Inc Variable 7% 01 Jun 2054
Corporate Bonds
$686K$695K0.2%
GE Aerospace Com
Common Stocks
$166K$692K0.2%
NiSource Inc Variable 6.375% 31 Mar 2055
Corporate Bonds
$690K$692K0.2%
Entergy Corp Variable 7.125% 01 Dec 2054
Corporate Bonds
$683K$686K0.2%
Prudential Financial Inc Variable 6% 01 Sep 2052
Corporate Bonds
$689K$684K0.2%
NVIDIA Corp
Common Stocks
$528K$679K0.2%
East West Bancorp Inc
Common Stocks
$464K$678K0.2%
AES Corp/The Variable 7.6% 15 Jan 2055
Corporate Bonds
$679K$672K0.2%
Sempra Variable 6.4% 01 Oct 2054
Corporate Bonds
$691K$665K0.2%
American Electric Power Co Inc Variable 6.95% 15 Dec 2054
Corporate Bonds
$659K$664K0.2%
GSK PLC
Common Stocks
$720K$662K0.2%
NextEra Energy Capital Holdings Inc Variable 6.75% 15 Jun 2054
Corporate Bonds
$688K$660K0.2%
Humana Inc
Common Stocks
$683K$660K0.2%
UnitedHealth Group INC
Common Stocks
$590K$656K0.2%
Meta Platforms Inc
Common Stocks
$353K$651K0.2%
JPMorgan Chase & Co
Common Stocks
$353K$648K0.2%
NVIDIA Corp
Common Stocks
$93K$647K0.2%
Arista Networks INC
Common Stocks
$499K$645K0.2%
CenterPoint Energy Inc Variable 6.85% 15 Feb 2055
Corporate Bonds
$661K$645K0.2%
US Treasury Notes United States Treasury Note/Bond 2.75% 15 Aug 2032$652K$641K0.2%
Honeywell International Inc
Common Stocks
$590K$639K0.2%
Apple Inc
Common Stocks
$150K$637K0.2%
Occidental Petroleum Corp
Common Stocks
$598K$625K0.2%
US Govt Obligations Freddie Mac Pool FR RA7654 3.5% 01 Jul 2052$675K$623K0.2%
Air Products and Chemicals Inc
Common Stocks
$488K$619K0.2%
Cigna Group/The
Common Stocks
$384K$618K0.2%
Alphabet Inc
Common Stocks
$91K$617K0.2%
LPL Financial Holdings Inc
Common Stocks
$427K$615K0.2%
US Govt Obligations Freddie Mac Pool FR SD8244 4% 01 Sep 2052$626K$612K0.2%
US Treasury Notes United States Treasury Note/Bond 4.125% 15 Aug 2053$614K$609K0.2%
Oracle CORP
Common Stocks
$396K$601K0.2%
Booking Holdings Inc
Common Stocks
$205K$592K0.2%
Broadcom INC
Common Stocks
$83K$591K0.2%
US Govt Obligations Freddie Mac Pool FR SD1000 3% 01 Apr 2052$648K$591K0.2%
US Treasury Notes United States Treasury Note/Bond 1.625% 15 May 2031$621K$589K0.2%
Fidelity National Information Services Inc
Common Stocks
$534K$587K0.2%
Comcast Corp
Common Stocks
$363K$586K0.2%
Alphabet Inc
Common Stocks
$217K$571K0.2%
Alphabet Inc
Common Stocks
$410K$569K0.2%
Meta Platforms Inc
Common Stocks
$208K$562K0.2%
US Govt Obligations Freddie Mac Pool FR QE8117 3.5% 01 Aug 2052$618K$559K0.2%
Cencora Inc
Common Stocks
$320K$558K0.2%
US Govt Obligations Fannie Mae Pool FN MA4625 3.5% 01 Jun 2052$550K$556K0.2%
CRH PLC
Common Stocks
$300K$551K0.2%
Sysco Corp
Common Stocks
$577K$541K0.2%
American Express Co
Common Stocks
$292K$541K0.2%
Microsoft CORP
Common Stocks
$177K$540K0.2%
US Govt Obligations Freddie Mac Pool FR SD5324 4% 01 Feb 2053$536K$538K0.2%
Microsoft CORP
Common Stocks
$463K$538K0.2%
Meta Platforms Inc
Common Stocks
$185K$534K0.2%
Citigroup Inc
Common Stocks
$520K$531K0.2%
JPMorgan Chase & Co
Common Stocks
$256K$530K0.2%
Interpublic Group of Cos Inc/The
Common Stocks
$394K$521K0.2%
Exelon Corp
Common Stocks
$621K$520K0.2%
Discover Financial Services
Common Stocks
$358K$520K0.2%
Enterprise Products Partners LP
Common Stocks
$428K$519K0.2%
Bank of America Corp
Common Stocks
$333K$517K0.2%
Anheuser-Busch InBev SA/NV
Common Stocks
$596K$516K0.2%
Amazon.com Inc
Common Stocks
$263K$515K0.2%
Goldman Sachs Group Inc/The
Common Stocks
$118K$512K0.2%
Alphabet Inc
Common Stocks
$206K$510K0.2%
US Govt Obligations Freddie Mac Pool FR SD8207 3.5% 01 Apr 2052$500K$506K0.2%
US Govt Obligations Fannie Mae Pool FN FM7599 3.5% 01 Jan 2051$557K$505K0.2%
Fidelity National Information Services Inc
Common Stocks
$451K$504K0.2%
Avantor Inc
Common Stocks
$458K$501K0.2%
Diamondback Energy Inc
Common Stocks
$558K$498K0.2%
UnitedHealth Group INC
Common Stocks
$166K$488K0.2%
Broadcom INC
Common Stocks
$90K$487K0.2%
US Foods Holding Corp
Common Stocks
$269K$482K0.2%
Morgan Stanley
Common Stocks
$295K$481K0.2%
McKesson Corp
Common Stocks
$321K$481K0.2%
Baker Hughes Co
Common Stocks
$280K$480K0.2%
International Flavors & Fragrances Inc
Common Stocks
$417K$479K0.2%
GE Vernova Inc
Common Stocks
$228K$477K0.2%
Imperial Brands Finance PLC 3.875% 26 Jul 2029
Corporate Bonds
$495K$474K0.1%
Booking Holdings Inc
Common Stocks
$227K$474K0.1%
Comcast Corp
Common Stocks
$485K$472K0.1%
T-Mobile US INC
Common Stocks
$239K$472K0.1%
Corpay Inc Com
Common Stocks
$315K$465K0.1%
Wells Fargo & Co
Common Stocks
$275K$463K0.1%
Norfolk Southern Corp
Common Stocks
$462K$461K0.1%
Zimmer Biomet Holdings Inc
Common Stocks
$487K$460K0.1%
Huntington Bancshares Inc/OH
Common Stocks
$346K$451K0.1%
BNP Paribas SA 4.375% 28 Sep 2025
Corporate Bonds
$448K$448K0.1%
Uber Technologies Inc
Common Stocks
$418K$446K0.1%
Host Hotels & Resorts Inc
Common Stocks
$531K$444K0.1%
Canadian Natural Resources Ltd
Common Stocks
$474K$444K0.1%
Tesla Inc
Common Stocks
$329K$432K0.1%
ConocoPhillips
Common Stocks
$364K$431K0.1%
Schlumberger NV
Common Stocks
$416K$431K0.1%
Unilever PLC
Common Stocks
$374K$429K0.1%
Lamar Advertising Co
Common Stocks
$340K$425K0.1%
AutoZone Inc
Common Stocks
$137K$422K0.1%
Williams Cos Inc/The
Common Stocks
$151K$421K0.1%
Uber Technologies Inc
Common Stocks
$442K$416K0.1%
Microsoft CORP
Common Stocks
$317K$414K0.1%
US Treasury Notes United States Treasury Note/Bond 1.125% 31 Oct 2026$423K$413K0.1%
VICI Properties Inc
Common Stocks
$399K$411K0.1%
Royal Bank of Canada
Common Stocks
$333K$407K0.1%
NVIDIA Corp
Common Stocks
$93K$405K0.1%
US Govt Obligations Government National Mortgage Association GNR 2019-H16 CF Flt 20 Oct 2069$402K$404K0.1%
Aon PLC
Common Stocks
$344K$402K0.1%
Entergy Corp
Common Stocks
$289K$399K0.1%
Fiserv Inc
Common Stocks
$284K$399K0.1%
US Govt Obligations Freddie Mac Pool FR SD0931 2.5% 01 Mar 2052$407K$398K0.1%
Eli Lilly & Co
Common Stocks
$463K$397K0.1%
NVIDIA Corp
Common Stocks
$98K$396K0.1%
Sun Communities Inc
Common Stocks
$395K$395K0.1%
Haleon PLC
Common Stocks
$285K$395K0.1%
Flex Ltd
Common Stocks
$284K$393K0.1%
US Bancorp
Common Stocks
$418K$392K0.1%
Costco Wholesale Corp
Common Stocks
$155K$392K0.1%
Cognizant Technology Solutions Corp
Common Stocks
$293K$388K0.1%
US Govt Obligations Fannie Mae Pool FN FS1453 3.5% 01 Apr 2052$418K$388K0.1%
Emerson Electric Co
Common Stocks
$325K$386K0.1%
Merck & Co Inc
Common Stocks
$312K$383K0.1%
Kenvue INC
Common Stocks
$388K$382K0.1%
Baxter International Inc
Common Stocks
$420K$381K0.1%
Neurocrine Biosciences Inc
Common Stocks
$297K$380K0.1%
Abbott Laboratories
Common Stocks
$283K$377K0.1%
Showing top 200 of 1,077 investments by value.