Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Hawaii Tapers' Annuity Trust FundMoney purchase plan

HAWAII TAPERS' ANNUITY PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Board of Trustees of Hawaii Tapers' Annuity Trust Fund reported $214,426 in plan administrative expenses for 2024: 0.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $15,635 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 0.54% to 0.43%. 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 56th-largest of 269 plans among Hawaii employers on file, and the 1,047th of 5,337 in construction. active participation has shrunk from 386 to 320 since 2022.

Plan summary
Net assets, end of year$50,688,942
Participants with balances388
Active participants320
Employer contributions$5,003,306
Employee contributions—
Employer contribution per active participant$15,635
Average account balance$130,642
Benefits paid to participants$7,469,479
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.7M · 388 accts · $5.0M emplr
2023$49.6M · 382 accts · $4.4M emplr
2022$43.7M · 386 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,865
Investment management$80,646
Audit (IQPA)$29,895
Total administrative$214,426
Employer contributions to the Board of Trustees of Hawaii Tapers' Annuity Trust Fund plan · 2024
Employer contribution per active participant$15,635
Median for plans this size$3,635
2024$15,635 per active participant
2023$13,824 per active participant
2022$10,297 per active participant

Board of Trustees of Hawaii Tapers' 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 · 20247
BENEFIT & RISK MANAGEMENT SERVICES · Contract administrator · Recordkeeping$45,773
GROUP PLAN ADMINISTRATORS · Contract administrator · Accounting / audit$21,999
SEGAL MARCO ADVISORS · Investment advisory (plan)$32,354
FIRST HAWAIIAN BANK · Custodial (securities)$30,410
SINGERLEWAK LLP · Accounting / audit$29,895
KMH, LLP · Accounting / audit$11,171
YAMAMOTO, CALIBOSO, & HETHERINGTON · Legal$8,616

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, GROUP PLAN ADMINISTRATORS
2023GROUP PLAN ADMINISTRATORS

This plan has changed recordkeepers within these filings. If you left Board of Trustees of Hawaii Tapers' Annuity Trust Fund 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$214,426 · 0.43%
2023$209,289 · 0.45%
2022$228,642 · 0.54%
Similar plansConstruction · Hawaii
Nan, Inc. HI$45.0M · 0.29%
Alexander & Baldwin, Inc. HI$28.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990209408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.