Plan Ledger DOL Form 5500 · updated monthly

Hawaii Laborers' Annuity FundMoney purchase plan

HAWAII LABORERS' ANNUITY FUND · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Hawaii Laborers' Annuity Fund reported $1,830,194 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,546 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 0.64% to 0.60%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 14th-largest of 269 plans among Hawaii employers on file, and the 444th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$304,778,375
Participants with balances6,407
Active participants3,151
Employer contributions$14,325,033
Employee contributions—
Employer contribution per active participant$4,546
Average account balance$47,570
Benefits paid to participants$25,299,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$304.8M · 6,407 accts · $14.3M emplr
2023$302.4M · 6,159 accts · $14.1M emplr
2022$277.0M · 5,795 accts · $13.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$622,398
Investment management$762,716
Audit (IQPA)$18,464
Trustee / custodial$226,022
Total administrative$1,830,194
Employer contributions to the Hawaii Laborers' Annuity Fund plan · 2024
Employer contribution per active participant$4,546
Median for plans this size$4,294
2024$4,546 per active participant
2023$4,160 per active participant
2022$4,517 per active participant

Hawaii Laborers' Annuity Fund's 2024 employer contribution ran above the $4,294 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
PACIFIC ADMINISTRATORS · Accounting / audit$622,398
FIRST HAWAIIAN BANK · Investment management$242,481
ATLANTA CAPITAL · Investment management$212,810
RAYMOND JAMES · Investment management$204,836
WASHINGTON CAPITAL MANAGEMENT, INC. · Investment management$117,231
FOCUS INVESTMENT ADVISOR · Investment management$109,427
SUSTAINABLE GROWTH ADVISORS · Investment management$79,195
YOSHIDA & ASSOCIATES · Legal$68,406
HONOLULU ACTUARIAL CONSULTANTS · Consulting$25,419
CENTRAL PACIFIC BANK · Custodial (securities)$21,258
EIDE BAILLY LLP · Accounting / audit$18,464
STEPHEN HORN INSURANCE SERVICES · Insurance brokerindirect comp

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$1,830,194 · 0.60%
2023$1,787,982 · 0.62%
2022$1,735,955 · 0.64%
Similar plansFinance & Insurance · Hawaii
Bank of Hawaii HI$908.1M · 0.07%
Tradewind Group, Inc. HI$125.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990322478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.