Plan Ledger DOL Form 5500 · updated monthly

Board of Trustee of Carpet, Linoleum and Soft Tile Local 1926403(b)

CARPET, LINOLEUM AND SOFT TILE LOCAL UNION 1926 ANNUITY PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
1.24%

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

Board of Trustee of Carpet, Linoleum and Soft Tile Local 1926 reported $175,813 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,554 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 3.91% to 1.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 127th-largest of 269 plans among Hawaii employers on file, and the 2,447th of 5,337 in construction. active participation has grown from 169 to 187 since 2022.

Plan summary
Net assets, end of year$15,209,982
Participants with balances255
Active participants187
Employer contributions$1,412,587
Employee contributions—
Employer contribution per active participant$7,554
Average account balance$59,647
Benefits paid to participants$499,093
Plan auditUnmodified (clean) audit opinion
AuditorMC GROUP HAWAII, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 255 accts · $1.4M emplr
2023$13.2M · 246 accts · $1.3M emplr
2022$11.5M · 250 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,920
Investment management$66,891
Audit (IQPA)$15,916
Total administrative$175,813
Employer contributions to the Board of Trustee of Carpet, Linoleum and Soft Tile Local 1926 plan · 2024
Employer contribution per active participant$7,554
Median for plans this size$2,416
2024$7,554 per active participant
2023$7,449 per active participant
2022$7,067 per active participant

Board of Trustee of Carpet, Linoleum and Soft Tile Local 1926's 2024 employer contribution ran above the $2,416 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 · 20246
BENEFIT & RISK MANAGEMENT SERVICES · Contract administrator · Recordkeeping$61,689
HGK · Investment management · Custodial (securities)$44,000
MC GROUP HAWAII, INC. · Accounting / audit$15,916
SEGAL CONSULTING · Consulting · Insurance broker$11,292
CKW FINANCIAL · Investment management · Custodial (securities)$9,550
YAMAMOTO CALIBOSO HETHERINGTON · Legal$8,760

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

Recordkeeper by year2
2024BENEFIT & RISK MANAGEMENT SERVICES
2023GROUP PLAN ADMINISTRATORS

This plan has changed recordkeepers within these filings. If you left Board of Trustee of Carpet, Linoleum and Soft Tile Local 1926 before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$175,813 · 1.24%
2023$207,050 · 1.68%
2022$480,598 · 3.91%
Similar plansConstruction · Hawaii
Alexander & Baldwin, Inc. HI$28.3M · 0.09%
American Workboats, Inc. HI$12.4M · 0.65%
Alert Holdings Group, LLC HI$5.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990180872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.