Employer · plans filed under one EIN
Hawaiian Electric Industries, Inc.
Honolulu, HI · Management of companies (holding companies)
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Hawaiian Electric Industries, Inc., based in Honolulu, Hawaii, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 8,368 participant records and $2.69B in net assets.
The largest is Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries, a defined benefit pension plan with 5,068 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $17.1M and participant contributions $32.0M in the latest plan years; benefits paid were $154M. Schedule C compensation reported to service provider organisations totalled $4.1M.
Combined net assets moved from $967M in 2009 to $2.69B in 2024 (up 179%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries | defined benefit pension plan | 2024 | 5,068 | $1.91B | $377,260 | $4,496 | $3.9M |
| Hawaiian Electric Industries Retirement Savings Plan | ESOP with a 401(k) feature | 2024 | 3,300 | $781M | $236,561 | $2,797 | $155K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 8,368 | $2.69B | $17.1M | $32.0M |
| 2023 | 2 | 8,484 | $2.58B | $13.6M | $31.3M |
| 2022 | 2 | 8,453 | $2.35B | $21.0M | $29.2M |
| 2021 | 2 | 8,485 | $3.04B | $48.1M | $28.3M |
| 2020 | 2 | 8,533 | $2.73B | $59.3M | $27.7M |
| 2019 | 2 | 8,597 | $2.41B | $68.0M | $27.9M |
| 2018 | 2 | 8,504 | $1.97B | $39.1M | $26.9M |
| 2017 | 2 | 8,397 | $2.12B | $67.5M | $25.2M |
| 2016 | 2 | 8,231 | $1.80B | $107M | $23.7M |
| 2015 | 2 | 8,302 | $1.63B | $67.6M | $23.0M |
| 2014 | 2 | 8,260 | $1.64B | $37.3M | $21.7M |
| 2013 | 2 | 8,183 | $1.55B | $94.7M | $20.3M |
| 2012 | 2 | 7,921 | $1.27B | $91.9M | $19.2M |
| 2011 | 2 | 7,293 | $1.09B | $50.5M | $16.9M |
| 2010 | 2 | 7,058 | $1.09B | $37.8M | $15.9M |
| 2009 | 2 | 6,939 | $967M | $23.5M | $17.6M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Stafford Capital Partners | Investment management; Other services | 1 | $1,202,243 |
| Merrill Lynch | Investment management | 1 | $909,423 |
| Willis Towers Watson US LLC | Actuarial; Consulting (pension) | 1 | $564,150 |
| The Bank of New York Mellon | Trustee (bank, trust company, or similar financial institution) | 1 | $277,845 |
| Earnest Partners LLC | Investment management; Securities brokerage | 1 | $277,121 |
| Invesco Trust Company | Investment management | 1 | $173,886 |
| Franklin Advisers, Inc. | Investment management | 1 | $119,332 |
| Accuity LLP | Accounting (including auditing); Consulting (general) | 1 | $90,576 |
| Fidelity Inst Asset MGMT Trust Co. | Investment management | 1 | $89,238 |
| Gamco Asset Management, Inc. | Investment management | 1 | $85,239 |
| Payden & Rygel | Investment management | 1 | $73,840 |
| NFJ Investment Group, LLC | Investment advisory (plan); Other services | 1 | $68,354 |
| SageView Advisory Group, LLC | Consulting (general) | 1 | $64,745 |
| Macquarie Inv. Management Advisors | Investment management | 1 | $43,202 |
| Fidelity Inv Inst Oper Co., Inc. | Participant loan processing | 1 | $0 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Hawaiian Electric Industries, Inc. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries and Hawaiian Electric Industries Retirement Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Hawaiian Electric Industries, Inc. contribute to its plans?
$17,135,551 in employer contributions across these plans in their latest plan years, about $3,550 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Stafford Capital Partners, Merrill Lynch, Willis Towers Watson US LLC and The Bank of New York Mellon and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.