Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Hawaii Masons & Plasterers Annuity Trust FundMoney purchase plan

HAWAII MASONS AND PLASTERERS ANNUITY PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Board of Trustees of the Hawaii Masons & Plasterers Annuity Trust Fund reported $1,218,434 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,794 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 1.07% to 1.01%. 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 29th-largest of 269 plans among Hawaii employers on file, and the 511th of 5,337 in construction. active participation has shrunk from 1,254 to 1,088 since 2022.

Plan summary
Net assets, end of year$125,853,112
Participants with balances4,137
Active participants1,088
Employer contributions$7,392,144
Employee contributions—
Employer contribution per active participant$6,794
Average account balance$30,421
Benefits paid to participants$7,286,676
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$125.9M · 4,137 accts · $7.4M emplr
2023$116.4M · 4,044 accts · $7.2M emplr
2022$103.4M · 4,062 accts · $7.5M emplr
Administrative expenses, itemized · 2024
Investment management$689,074
Audit (IQPA)$107,523
Trustee / custodial$68,187
Total administrative$1,218,434
Employer contributions to the Board of Trustees of the Hawaii Masons & Plasterers Annuity Trust Fund plan · 2024
Employer contribution per active participant$6,794
Median for plans this size$3,635
2024$6,794 per active participant
2023$6,272 per active participant
2022$5,991 per active participant

Board of Trustees of the Hawaii Masons & Plasterers 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 · 202412
BENEFIT RISK MANAGEMENT SERVICES · Plan administrator$197,501
SSI INVESTMENT MANAGEMENT · Investment management$165,000
RAYMOND JAMES & ASSOCIATES · Investment advisory (plan)$118,546
SINGERLEWAK LLP · Accounting / audit$107,523
SIERRA INVESTMENT PARTNERS, INC. · Investment management$98,616
OLD GLORY ASSET MANAGEMENT LLC · Investment management$73,664
FIRST HAWAIIAN BANK · Custodial (securities)$68,187
YOSHIDA & ASSOCIATES · Legal$60,381
FENIMORE ASSET MANAGEMENT · Investment management$53,668
BARROW HANLEY GLOBAL INVESTORS · Investment management$41,920
HONOLULU ACTUARIAL CONSULTANTS · Actuarial$35,079
OAKHURST CAPITAL MANAGEMENT LLC · Investment management$29,313

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$1,218,434 · 1.01%
2023$1,224,898 · 1.11%
2022$1,165,182 · 1.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 996024001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.