Plan Ledger DOL Form 5500 · updated monthly

Hanalani Schools403(b)

HANALANI SCHOOLS 403B PLAN · MILILANI, HI · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Hanalani Schools reported $42,439 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $2,469 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 0.39% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Hawaii (177th of 269), and 2,280th of 3,091 in educational services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has shrunk from 120 to 95 since 2022.

Plan summary
Net assets, end of year$7,742,322
Participants with balances133
Active participants95
Employer contributions$234,580
Employee contributions$368,421
Employer contribution per active participant$2,469
Average account balance$58,213
Benefits paid to participants$1,002,127
Plan auditUnmodified (clean) audit opinion
AuditorPEAK AUDIT & ACCOUNTING LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 133 accts · $235K emplr
2023$7.3M · 121 accts · $127K emplr
2022$6.0M · 114 accts · $111K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,439
Total administrative$42,439
Employer contributions to the Hanalani Schools plan · 2024
Employer contribution per active participant$2,469
Median for plans this size$1,313
2024$2,469 per active participant
2023$1,027 per active participant
2022$928 per active participant

Hanalani Schools's 2024 employer contribution ran above the $1,313 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$9,850
IIAN AMIR DBA SHOMER HAWAII LLC · Investment advisory (plan)$16,393

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023OneAmerica

This plan has changed recordkeepers within these filings. If you left Hanalani Schools 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$42,439 · 0.56%
2023$26,729 · 0.40%
2022$21,744 · 0.39%
Similar plansEducational Services · Hawaii
Le Jardin Academy HI$25.0M · 0.00%
Parker School Corporation HI$12.6M · 0.00%
Seagull Schools, Inc. HI$3.2M · 1.22%
Asset School HI$3.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237334963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.