Plan Ledger DOL Form 5500 · updated monthly

Alexander & Baldwin, Inc.401(k)

401K PLAN FOR GRACE PACIFIC · HONOLULU, HI · plan year 2023

Reported admin expense ratio · 2023
0.09%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Alexander & Baldwin, Inc. reported $24,880 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,609 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.06% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 85th-largest of 269 plans among Hawaii employers on file, and the 1,591st of 5,337 in construction. In 2023, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$28,346,104
Participants with balances210
Active participants161
Employer contributions$1,064,112
Employee contributions$933,787
Employer contribution per active participant$6,609
Average account balance$134,981
Benefits paid to participants$1,903,444
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$28.3M · 210 accts · $1.1M emplr
2022$24.1M · 208 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,925
Investment management$7,955
Total administrative$24,880
The Alexander & Baldwin, Inc. 401(k) match · 2023
Employer contribution per active participant$6,609
Median for plans this size$2,440
2023$6,609 per active participant
2022$6,774 per active participant

Alexander & Baldwin, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,955

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$24,880 · 0.09%
2022$16,371 · 0.06%
Same employer
Similar plansConstruction · Hawaii
Nan, Inc. HI$45.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990039140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.