Hawaii Laborers Joint Trust Fund

What Hawaii Laborers Joint Trust Fund does

Hawaii Laborers' Joint Trust Funds is an ERISA-regulated, jointly-administered multi-employer benefit organization established in 1967 and domiciled in Hawaii. It comprises six distinct programs: the Health & Welfare Fund (1967), Pension Fund (1967), Apprenticeship and Training Trust Fund (early 1970s), Vacation & Holiday Fund (early 1970s), Annuity Fund (late 1970s), and the Laborers'-Employers' Cooperation and Education Trust Fund (LECET, mid-1990s). Each fund is governed by a Board of Trustees with equal representation from Union Trustees (Laborers' Union Local 368) and Employer Trustees drawn from four construction industry associations — the Laborers' Association of Hawaii (LAH), the Building Industry Association of Hawaii (BILA), the Mechanical Contractors Association of Hawaii (MCAH), and the General Contractors Association of Hawaii (GCLA).

The trust's sole revenue mechanism is monthly employer contributions remitted by signatory employers pursuant to Collective Bargaining Agreements. These contributions fund the full benefits package delivered to eligible Local 368 active and retired members and their dependents: medical, dental, vision, life, prescription drug, TDI (disability), chiropractic, acupuncture, pension, annuity, vacation/holiday, and apprenticeship/job training benefits, plus LECET's labor-management economic development programming. There is no product pricing model — contribution levels are negotiated at the bargaining table.

Administration is outsourced to a stable vendor stack: Pacific Administrators, Inc. (Alton Komori, Administrator; Clinton Takahashi, Co-Administrator) handles plan administration and the tha360.com member/employer portals; First Hawaiian Bank Wealth Management Division (Eric Chan) acts as custodian; Eide Bailly LLP audits; Honolulu Actuarial Consultants, Inc. provides actuarial services; Yoshida & Associates serves as fund counsel; Milliman advises the Health & Welfare Fund; and Benefit Plan Solutions, Inc. runs a Healthcare Navigator Program. The organization operates exclusively in Hawaii, serving a single-industry (construction), single-union labor pool with no disclosed geographic, vertical, or product-line expansion strategy in the source data.

Name

Hawaii Laborers Joint Trust Fund

Legal name

Hawaii Laborers' Joint Trust Funds

Website

https://hilabtrustfunds.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

The Hawaii Laborers' Joint Trust Funds is an ERISA multi-employer benefit organization, jointly governed by Laborers' Union Local 368 trustees and signatory employer trustees, that delivers health, pension, annuity, apprenticeship, and vacation benefits to Hawaii construction industry workers funded by CBA-mandated employer contributions.

Ownership category

akta.pro rank

Product category

Multi-Employer Benefit Trust Fund Administration

NAICS

Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (52512), Pension Funds (525110), Labor Unions and Similar Labor Organizations (81393)

SIC

Services-Membership Organizations (8600)

akta.pro industry

PRIMARYFSAIAFAG

Taft-Hartley / Union Multiemployer Group Health Plans

Financial & Insurance/Insurance — Life & Health/Group Health Insurance (Employer-Sponsored)

SECONDARYFSAIAIAB

Group Disability Income Insurance (Employer-Sponsored)

Financial & Insurance/Insurance — Life & Health/Disability Income Insurance (Short- & Long-Term)

SECONDARYBPACAGAJ

Contractor Benefits & Perks Administration

Business & Public Services/HR, Staffing & Recruitment Services/Contract Staffing & Independent Contractor Management

Keywords

• Multi-employer benefit funds
• ERISA trust administration
• Construction labor benefits
• Pension health welfare funds
• Union apprenticeship training

Headquarters

HQ city

Honolulu

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Employer Contributions: Signatory Employers contribute benefit contributions on a monthly basis as specified in the Collective Bargaining Agreement (CBA) to each of the five ERISA benefit funds. These contributions are the sole funding source for providing benefits to plan participants and beneficiaries.

Distribution channels1 record

Marketing channels2 records

Core offering

Hawaii Laborers' Joint Trust Funds is a collection of five ERISA-qualified multi-employer benefit funds and one labor-management cooperation trust (LECET). Signatory construction employers contribute monthly amounts per the Collective Bargaining Agreement, and the trust pays out health, dental, vision, life, prescription, disability, pension, annuity, vacation/holiday benefits and apprenticeship training to eligible Laborers' Union Local 368 members and their dependents.

Product overview

Hawaii Laborers' Joint Trust Funds is an ERISA benefits organization consisting of six distinct trust fund programs administered jointly by Union and Employer Trustees. The portfolio includes five ERISA benefit funds (Annuity, Apprenticeship & Training, Health & Welfare, Pension, Vacation & Holiday) plus the Laborers'-Employers' Cooperation and Education Trust Fund (LECET). Each fund serves specific purposes ranging from retirement income and job training to comprehensive health benefits and vacation/holiday pay, collectively providing a comprehensive benefits package for construction industry workers.

Differentiator

Problem solved

Functional benefit

Brands

• Laborers' Annuity Fund: ERISA benefit fund providing second source of retirement benefits to eligible plan participants, established late 1970s
• Laborers' Apprenticeship and Training Trust Fund
• Laborers' Health & Welfare Fund
• Laborers' - Employers' Cooperation and Education Trust Fund (LECET)
• Laborers' Pension Fund
• Laborers' Vacation & Holiday Fund

Products and services

• Laborers' Health & Welfare Fund Comprehensive health and welfare benefits (medical, dental, life, vision, prescription drug, temporary disability, chiropractic, acupuncture) for eligible Laborers' Union Local 368 active members, retirees, and dependents.
• Laborers' Pension Fund Monthly retirement pension benefits paid to eligible plan participants who meet age and service requirements under the fund's plan rules.
• Laborers' Annuity Fund Second-source retirement annuity benefits for eligible plan participants, supplementing the Pension Fund.
• Laborers' Apprenticeship and Training Trust Fund Job training and apprenticeship programs for eligible Laborers' Union Local 368 members to develop construction industry skills.
• Laborers' Vacation & Holiday Fund Vacation and holiday pay benefits for eligible plan participants based on hours worked under the CBA.
• Laborers'-Employers' Cooperation and Education Trust Fund (LECET) Joint labor-management economic development and labor-management relationship programs for the Hawaii construction industry.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, major and supporting.

• Pacific Administrators, Inc.coreOthersProfessional third-party administrator providing plan administration services for all Hawaii Laborers' Joint Trust Funds. Handles benefit processing, eligibility verification, and member portal management.
• Yoshida & AssociatescoreOthersLegal counsel providing fund counsel and collections services for the trust funds, ensuring compliance with ERISA regulations and collective bargaining agreement obligations.
• First Hawaiian Bank Wealth Management DivisioncoreOthersServes as custodian for trust fund assets, providing secure management of fund holdings and investment administration.
• Eide Bailly LLPcoreOthersIndependent auditing firm providing financial statement audits for the trust funds, ensuring fiscal accountability and ERISA compliance.
• Honolulu Actuarial Consultants, Inc.coreOthersActuarial consulting firm providing pension and benefit calculations, ensuring adequate funding levels and compliance with actuarial standards.
• Laborers' Union Local 368coreOthersThe labor union representing construction workers whose members are beneficiaries of the trust funds. Union trustees serve on all fund boards.
• Laborers' Association of Hawaii (LAH)majorOthersEmployer association representing signatory employers. LAH trustees serve on fund boards including Annuity, Health & Welfare, and Apprenticeship Funds.
• Building Industry Association of Hawaii (BILA)majorOthersEmployer association representing construction industry employers. BILA trustees serve on multiple fund boards.
• Mechanical Contractors Association of Hawaii (MCAH)majorOthersEmployer association representing mechanical contractors. MCAH trustees serve on fund boards including Annuity, Health & Welfare, and Apprenticeship Funds.
• General Contractors Association of Hawaii (GCLA)majorOthersEmployer association representing general contractors including major firms like Hawaiian Dredging Construction Co. GCLA trustees serve on all major fund boards.
• MillimancoreOthersHealthcare benefit consultant providing advisory services for the Health & Welfare Fund, specifically John Botsford serves as Plan Consultant.
• Benefit Plan Solutions, Inc.supportingOthersHealthcare Navigator Program provider assisting members with healthcare benefit navigation, staffed by Hessy Ahokovi and Jake Niiro.

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Plumbers and Pipefitters National Pension Fund: National multi-employer defined benefit pension plan for UA members. Shares the Taft-Hartley pension structure with the Laborers' Pension Fund but covers plumbers and pipefitters nationally rather than Hawaii laborers.
• Laborers International Union of North America (LIUNA) National Funds: National Laborers' union multi-employer pension, health & welfare, and training funds that the Hawaii Local 368 trusts are affiliated with. Provides industry frameworks and pooled investment scale that the Hawaii funds draw upon.
• National Electrical Benefit Fund (NEBF): National multi-employer pension fund for IBEW members. Operates the same joint labor-management defined benefit pension model as the Laborers' Pension Fund but at national scale across the electrical construction industry.
• Western Conference of Teamsters Pension Trust: Large multi-employer pension fund serving Teamsters across the western US. Similar ERISA-defined benefit structure but at vastly larger scale and broader geographic reach, including construction and non-construction industries.
• International Painters and Allied Trades Industry Pension Fund: National Taft-Hartley multi-employer pension and welfare funds for IUPAT members in the finishing-trades construction industry. Operates the same joint labor-management ERISA model as the Hawaii Laborers' funds.

Direct peers

• Hawaii Operating Engineers Trust Funds: Operating Engineers multi-employer trust funds serving Hawaii Local 3. Directly comparable: same construction industry, joint union-employer administration, ERISA benefit funds including health, pension, and training.
• Hawaii Teamsters Trust Funds: Teamsters multi-employer benefit trust funds serving Hawaii. Comparable Taft-Hartley structure for health, welfare, and pension benefits, though covering a broader set of industries beyond construction.
• Hawaii Electricians Health & Welfare Trust Fund: Multi-employer benefit fund for IBEW electricians in Hawaii. Operates the same Taft-Hartley model of CBA-mandated employer contributions funding health, welfare, and pension benefits for construction trade members in the same geographic market.
• Hawaii Plumbers & Pipefitters Trust Funds: UA Plumbers & Pipefitters multi-employer benefit trusts in Hawaii. Operates a near-identical structure of CBA-funded ERISA benefits for construction trade union members under joint labor-management governance.
• Hawaii Carpenters Union Trust Funds: Multi-employer Taft-Hartley trust funds serving Hawaii carpenters union members. Directly comparable structure: joint labor-management governance, ERISA benefit funds for construction trade workers, and Hawaii-only geographic scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hawaii Laborers Joint Trust Fund