NonprofitsHawaii Electricians Health & Welfare Fund

Hawaii Electricians Health & Welfare Fund

HONOLULU, HI

Total revenue

$29.4M

Total expenses

$30.8M

Net assets

$99.6M

Grants received

EIN

990104618

Tax year

2023

Mission

Organization is a collectively bargained multiemployer plan that provides health and welfare benefits to eligible participants and their dependents according to plan rules and regulations.

Programs

2 programs

To provide group insurance benefits to eligible participants by paying monthly insurance premiums to insurance carriers. Hmsa / humana $744,574; pacific guardian life (tdi) $584,601; pacific guardian life (life) $70,613; ullico (stop loss) $122,456.

Expenses: $1.5M

To pay for administrative fees associated with self-insured claims processing. Medical $660,195; dental $170,718; drug $38,714; vision $36,977.

Expenses: $907K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$24.5M
Investment income$4.9M
Other revenue
Total revenue$29.4M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$2.4M
Total expenses$30.8M
Total assets$100.0M
Net assets$99.6M

People

8 listed

NameRoleCompensation

DAMIEN KIM

UNION TRUSTEE

Board

0.5 hrs/wk

LEYTON TORDA

UNION TRUSTEE

Board

0.5 hrs/wk

TRACY HAYASHI

UNION TRUSTEE

Board

0.5 hrs/wk

ROBERT AQUINO

UNION TRUSTEE (ALT)

Board

0.5 hrs/wk

DOUGLAS OKI

EMPLOYER TRUSTEE

Board

0.5 hrs/wk

JODY HANAMOTO

EMPLOYER TRUSTEE

Board

0.5 hrs/wk

DARYL SUEHIRO

EMPLOYER TRUSTEE

Board

0.5 hrs/wk

AL ITAMOTO

EMPLOYER TRUSTEE (ALT)

Board

0.5 hrs/wk

Independent contractors

HAWAII ELECTRICIANS ADMINISTRATIVE OFFIC

ADMINISTRATIVE OFFICE

$719K

HWMG

MEDICAL CLAIMS ADMINISTRATOR

$660K

SEGAL

PLAN CONSULTANT

$208K

HAWAII DENTAL SERVICE

DENTAL CLAIMS ADMINISTRATOR

$171K

Details

EIN990104618
Subsection09
Ruling date1963-09
Formed1962
Employees0
Volunteers6
HAWAII ELECTRICIANS HEALTH & WELFARE FUND — Mission, Financials & Grants Received | Grantivo