Plan Ledger DOL Form 5500 · updated monthly

Cutter Management Co.401(k)

THE CUTTER TEAM 401(K) RETIREMENT SAVINGS PLAN (003) · AIEA, HI · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Cutter Management Co. reported $130,973 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,071 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 rose from 0.35% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 103rd-largest of 269 plans among Hawaii employers on file, and the 1,444th of 5,215 in retail trade. In 2024, employees put in $3.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,237,790
Participants with balances152
Active participants132
Employer contributions$141,419
Employee contributions$489,025
Employer contribution per active participant$1,071
Average account balance$133,143
Benefits paid to participants$2,546,563
Plan auditUnmodified (clean) audit opinion
AuditorKKDLY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 152 accts · $141K emplr
2023$19.9M · 158 accts · $144K emplr
2022$17.9M · 149 accts · $149K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,821
Investment management$36,152
Total administrative$130,973
The Cutter Management Co. 401(k) match · 2024
Employer contribution per active participant$1,071
Median for plans this size$2,416
2024$1,071 per active participant
2023$1,130 per active participant
2022$1,127 per active participant

Cutter Management Co.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
LPL FINANCIAL · Investment advisory (plan)$36,152
SUEMORI & INOUYE INC SI GROUP CERTI · Contract administrator$13,291
EMPOWER ADVISORY GROUP, LLC · Investment management$4,361

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$130,973 · 0.65%
2023$128,649 · 0.68%
2022$67,128 · 0.35%
Similar plansRetail Trade · Hawaii
Bfs, Inc. HI$32.2M · 0.14%
NA Hoku, Inc. HI$31.4M · 0.05%
Seven-Eleven Hawaii, Inc. HI$24.2M · 0.39%
Shelton Holdings, LLC HI$23.7M · 0.44%
Mjc, Inc. HI$19.3M · 0.31%
Jn Group, Inc. HI$16.3M · 0.66%
Marukai Corporation HI$16.0M · 1.31%
Maui Divers of Hawaii, LTD. HI$14.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952643893 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.