# Hawaii Iron Workers' Pension Plan

Hawaii Iron Workers' Pension Plan is a Pension Fund based in Waipahu, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Waipahu, United States
- **Region:** North America
- **Address:** Waipahu, HI, United States
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **Website:** hiwtrust.com

## Regulatory record

- **Reports private funds:** No

## About

Hawaii Iron Workers' Pension Plan is a defined benefit plan based in Waipahu, Hawaii. It serves eligible employees in the biotech and life science sectors.

## Sectors

- Venture Capital
- Early Stage
- Expansion / Late Stage
- Venture Debt

## Questions

### Is the venture capital program run internally or through external managers?

The plan commits to external venture capital funds and also participates in direct co-investments alongside those GPs. This hybrid approach — fund commitments for diversification plus direct checks for fee savings and specific exposure — mirrors the model used by midsized endowments. The venture-debt allocation adds a yield component to the program.

### What does the plan's overall portfolio look like beyond venture capital?

Public filings indicate the plan maintains a diversified institutional portfolio: real estate, public equities, fixed income, and private credit alongside the venture sleeve. The real estate allocation frequently shows Hawaii-based properties, reflecting both local market knowledge and a desire to invest where members live and work. The venture program sits as a return-enhancement allocation rather than the dominant portfolio driver.

### Can the plan invest outside Hawaii?

Yes. The venture program targets mainland US technology companies in addition to any Hawaii-based startups. The real estate portfolio skews local, but the venture and public-equity allocations are geographically unconstrained. This allows the trustees to pursue the best risk-adjusted returns rather than being restricted by geography.

### Does the plan publish its holdings or investment performance publicly?

The plan files annual Department of Labor Form 5500 reports, which disclose asset totals and broad allocation categories but not individual venture-portfolio company names. Detailed manager-level performance is not published. The limited public disclosure is typical for a private-sector multiemployer plan.

### What is a Taft-Hartley plan, and how does that shape the fund's governance?

A Taft-Hartley plan is a multiemployer benefit plan jointly administered by union and employer trustees, established under the Labor Management Relations Act of 1947. The joint governance means investment decisions require consensus between labor and management representatives, which can create a more conservative default posture — making the Hawaii Iron Workers' plan's direct venture activity a notable departure from multiemployer norms.

## Related profiles

- [Hawaii Employers' Mutual Insurance Company](https://altss.com/profile/hawaii-employers-mutual-insurance-company)
- [Hawaii Medical Service Association](https://altss.com/profile/hawaii-medical-service-association)

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Last updated: 2026-06-03T20:00:00.000Z

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