Board of Trustees of Hawaii Iron Workers' Annuity Trust FundMoney purchase plan
HAWAII IRON WORKERS' ANNUITY PLAN · WAIPAHU, HI · plan year 2024
Reported admin expense ratio · 2024
1.63%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of Hawaii Iron Workers' Annuity Trust Fund reported $939,082 in plan administrative expenses for 2024: 1.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,074 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 1.73% to 1.63%. 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 51st-largest of 269 plans among Hawaii employers on file, and the 928th of 5,337 in construction. active participation has grown from 558 to 648 since 2022.
Plan summary
Net assets, end of year$59,186,672
Participants with balances1,482
Active participants648
Employer contributions$5,231,780
Employee contributions—
Employer contribution per active participant$8,074
Employer contributions to the Board of Trustees of Hawaii Iron Workers' Annuity Trust Fund plan · 2024
Employer contribution per active participant$8,074
Median for plans this size$3,635
2024$8,074 per active participant
2023$7,272 per active participant
2022$7,546 per active participant
Board of Trustees of Hawaii Iron Workers' Annuity Trust Fund'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 · 202410
HAWAII IRON WORKERS ADMIN OFFICE · Plan administrator$383,917
SINGERLEWAK LLP · Accounting / audit$56,545
RAYMOND JAMES & ASSOCIATES · Investment advisory (plan)$55,255
FIRST HAWAIIAN BANK · Custodial (securities)$46,586
OAKHURST CAPITAL MANAGEMENT LLC · Investment management$41,521
Source: U.S. Department of Labor, Form 5500 series, EIN 990176931 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.