AQUA ENGINEERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · KALAHEO, HI · plan year 2024
Employer contribution per participant · 2024
$2,692
Aqua Engineers, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $53,209,982 across 100 participant accounts, with employer contributions averaging $2,692 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 54th-largest of 269 plans among Hawaii employers on file, and the 287th of 2,534 in administrative & support services.
Plan summary
Net assets, end of year$53,209,982
Participants with balances100
Active participants94
Employer contributions$253,080
Employee contributions—
Employer contribution per active participant$2,692
Average account balance$532,100
Benefits paid to participants$3,522,805
Plan auditUnmodified (clean) audit opinion
AuditorN&K CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$53.2M · 100 accts · $253K emplr
2023$51.2M · 101 accts · $253K emplr
2022$47.0M · 100 accts · $253K emplr
Employer contributions to the Aqua Engineers, Inc. plan · 2024
Employer contribution per active participant$2,692
Median for plans this size$3,635
2024$2,692 per active participant
2023$2,751 per active participant
2022$2,609 per active participant
Aqua Engineers, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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.
Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
AQUA ENGINEERS, INC. 401(K) PROFIT SHARING PLAN401(k)
AQUA ENGINEERS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansAdministrative & Support Services · Hawaii
Source: U.S. Department of Labor, Form 5500 series, EIN 990202762 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.