Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Hawaii Insulators Pension TrustMoney purchase plan

HAWAII INSULATORS PENSION PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
1.76%

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

Board of Trustees of Hawaii Insulators Pension Trust reported $251,925 in plan administrative expenses for 2024: 1.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,607 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 2.22% to 1.76%. 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 130th-largest of 269 plans among Hawaii employers on file, and the 2,477th of 5,337 in construction.

Plan summary
Net assets, end of year$14,975,058
Participants with balances131
Active participants83
Employer contributions$631,366
Employee contributions—
Employer contribution per active participant$7,607
Average account balance$114,313
Benefits paid to participants$225,500
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 131 accts · $631K emplr
2023$13.7M · 131 accts · $593K emplr
2022$12.1M · 133 accts · $569K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,749
Investment management$76,158
Audit (IQPA)$26,455
Total administrative$251,925
Employer contributions to the Board of Trustees of Hawaii Insulators Pension Trust plan · 2024
Employer contribution per active participant$7,607
Median for plans this size$2,416
2024$7,607 per active participant
2023$6,974 per active participant
2022$7,030 per active participant

Board of Trustees of Hawaii Insulators Pension Trust'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
PACIFIC ADMINISTRATORS, INC. · Contract administrator$93,749
VICTORY CAPITAL MANAGEMENT · Investment management$51,757
SINGERLEWAK LLP · Accounting / audit$26,455
HONOLULU ACTUARIAL CONSULTANTS, INC · Consulting$19,930
FIRST HAWAIIAN BANK · Trustee · Other services$12,280
WELLS FARGO ADVISORS · Investment advisory (plan)$12,121

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$251,925 · 1.76%
2023$240,696 · 1.87%
2022$261,601 · 2.22%
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 516103706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.