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Retirement Plan for Employees of Hawaiian Electric Industries
The plan provides retirement income for employees of Hawaiian Electric Industries and its participating subsidiaries, including Hawaiian Electric Company, Maui...
Retirement Plan for Employees of Hawaiian Electric Industries
The plan provides retirement income for employees of Hawaiian Electric Industries and its participating subsidiaries, including Hawaiian Electric Company, Maui Electric, and Hawaii Electric Light Company. It operates as a traditional defined-benefit arrangement, paying a monthly benefit calculated on years of service and final compensation. Former subsidiary American Savings Bank employees accrued benefits until the plan was frozen for that group in 2007. Asset allocation favors the sponsor's own equity through an HEI Common Stock Fund and Hawaii-focused commercial real estate via BlackSand Capital. The real estate exposure is predominantly Hawaii-based commercial property. Public disclosures do not detail commitments to external private equity, venture, or hedge fund vehicles, suggesting a concentrated, balance-sheet-oriented portfolio rather than a diversified endowment model. Participating employers span the Hawaiian Electric utility family plus Pacific Current, an HEI subsidiary pursuing non-regulated energy and sustainability investments. The plan does not publish a total AUM figure or a roster of investment committee members. Its governance flows through HEI's corporate structure, with the parent acting as sponsor and administrator. Its structural differentiator is geographic concentration risk paired with employer-stock concentration inside a regulated utility environment. The plan's fortunes are tightly correlated with Hawaii's real estate market and HEI's equity performance, creating a distinctive risk profile absent from peer utility retirement plans that diversified into broader market indexes.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Honolulu
Corporate office
Honolulu, HI, United States
Principals
Hawaiian Electric Industries, Inc.
Plan Sponsor
Sector focus
Frequently asked questions
Who sponsors and administers the plan?
Hawaiian Electric Industries, Inc. serves as the plan sponsor. Participating subsidiary employers include Hawaiian Electric Company, Maui Electric Company, Hawaii Electric Light Company, and Pacific Current. Former subsidiary American Savings Bank participated until its plan was frozen in 2007.
What is the known investment portfolio composition?
Based on public records, the plan holds an HEI Common Stock Fund and Hawaii-based commercial real estate through BlackSand Capital. There is no public evidence of commitments to external private equity, venture capital, or hedge fund vehicles.
Does the plan disclose its total assets under management?
No. The plan does not publish an AUM figure. Without public actuarial reports or regulatory filings containing asset totals, the size remains undisclosed.
How does the plan's structure differ from a typical corporate pension?
The plan carries concentrated exposure to sponsor stock and Hawaii-specific commercial real estate. Most corporate pensions have diversified into broad market indices and external managers, but this plan's known holdings reflect a narrower geographic and equity concentration tied to the sponsor's own vehicles.
Which employees are covered under the plan?
Employees of Hawaiian Electric Company, Maui Electric, Hawaii Electric Light Company, and Pacific Current participate. Former American Savings Bank employees accrued benefits through 2007, when the plan was frozen for that subsidiary.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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