Plan Ledger DOL Form 5500 · updated monthly

Board of the Trustees of the Painting Industry of Hawaii Annuity TrustMoney purchase plan

PAINTING INDUSTRY OF HAWAII ANNUITY PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Board of the Trustees of the Painting Industry of Hawaii Annuity Trust reported $643,370 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,607 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 2 years on file its reported administrative ratio fell from 0.66% to 0.59%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 33rd-largest of 269 plans among Hawaii employers on file, and the 563rd of 5,337 in construction.

Plan summary
Net assets, end of year$112,222,527
Participants with balances663
Active participants574
Employer contributions$7,236,194
Employee contributions—
Employer contribution per active participant$12,607
Average account balance$169,265
Benefits paid to participants$8,658,077
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.2M · 663 accts · $7.2M emplr
2023$107.3M · 645 accts · $6.6M emplr
2022$96.0M · 649 accts · $7.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,496
Investment management$251,864
Audit (IQPA)$70,355
Total administrative$643,370
Employer contributions to the Board of the Trustees of the Painting Industry of Hawaii Annuity Trust plan · 2024
Employer contribution per active participant$12,607
Median for plans this size$3,635
2024$12,607 per active participant
2023$11,902 per active participant

Board of the Trustees of the Painting Industry of Hawaii Annuity Trust's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
BENEFIT RISK MANAGEMENT SERVICES · Contract administrator · Recordkeeping$148,976
FIRST HAWAIIAN BANK · Custodial (securities) · Investment management$104,878
MET WEST ASSET MGMT · Investment management$84,013
SINGERLEWAK, LLP · Accounting / audit$70,355
RAYMOND JAMES · Investment advisory (plan)$62,972
GROUP PLAN ADMINISTRATORS · Contract administrator$49,662
YEE & KAWASHIMA, LLLP · Legal$24,690
KMH · Accounting / audit$11,171

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

Administrative cost history3
2024$643,370 · 0.59%
2023$566,107 · 0.56%
2022$619,835 · 0.66%
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Source: U.S. Department of Labor, Form 5500 series, EIN 996032984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.