Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Hawaii Operating EngineersMoney purchase plan

HAWAII ANNUITY TRUST FUND FOR OPERATING ENGINEERS · ALAMEDA, CA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Board of Trustees, Hawaii Operating Engineers reported $939,987 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,363 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 0.63% to 0.55%. 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 618th-largest of 9,483 plans among California employers on file, and the 381st of 5,337 in construction. active participation has grown from 2,096 to 2,409 since 2022.

Plan summary
Net assets, end of year$176,558,682
Participants with balances3,724
Active participants2,409
Employer contributions$10,509,877
Employee contributions—
Employer contribution per active participant$4,363
Average account balance$47,411
Benefits paid to participants$15,824,524
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$176.6M · 3,724 accts · $10.5M emplr
2023$165.0M · $10.2M emplr
2022$144.8M · 3,448 accts · $9.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$133,973
Investment management$664,507
Audit (IQPA)$23,700
Total administrative$939,987
Employer contributions to the Board of Trustees, Hawaii Operating Engineers plan · 2024
Employer contribution per active participant$4,363
Median for plans this size$3,635
2024$4,363 per active participant
2023$4,526 per active participant
2022$4,305 per active participant

Board of Trustees, Hawaii Operating Engineers's 2024 employer contribution ran above 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.

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 · 202412
MULTI-PLAN SERVICES AGENCY, INC. · Accounting / audit · Contract administrator$60,651
SIERRA INVESTMENTS · Investment management$125,204
SSI INVESTMENT MANAGEMENT LLC · Investment management$115,949
BOSTON PARTNERS GLOBAL INVESTORS · Investment management$84,860
ZENITH AMERICAN SOLUTIONS · Contract administrator$73,322
RAYMOND JAMES · Investment advisory (plan)$60,000
THREE PEAKS · Investment management$53,948
MCMORGAN & COMPANY · Investment management$46,827
FIRST HAWAIIAN BANK · Investment advisory (plan)$42,539
SALTZMAN AND JOHNSON · Legal$35,993
MILLER KAPLAN ARASE LLP · Accounting / audit$23,700
THE SEGAL COMPANY · Consulting$13,000

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

Recordkeeper by year2
2024MULTI-PLAN SERVICES AGENCY, INC.
2023MULTI-PLAN SERVICES AGENCY, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$939,987 · 0.55%
2023$953,949 · 0.62%
2022$903,960 · 0.63%
Similar plansConstruction · California
Prs Holdings, Inc. CA$193.1M · 0.00%
Rosendin Electric CA$186.5M · 0.04%
Helix Electric, Inc. CA$179.2M · 0.24%
Griffith Company CA$173.1M · 0.01%
Bergelectric Corporation CA$168.7M · 0.29%
Pride Industries CA$159.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942959994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.