Plan Ledger DOL Form 5500 · updated monthly

Hawaii Carpenters 401(K) Fund401(k)

HAWAII CARPENTERS 401(K) FD · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Hawaii Carpenters 401(K) Fund reported $725,330 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,897 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 3 years on file its reported administrative ratio has held roughly steady near 0.29%. 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 16th-largest of 269 plans among Hawaii employers on file, and the 258th of 5,337 in construction. In 2024, the employer put in $2.37 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$257,897,851
Participants with balances7,421
Active participants6,693
Employer contributions$12,697,627
Employee contributions$5,348,919
Employer contribution per active participant$1,897
Average account balance$34,752
Benefits paid to participants$17,104,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$257.9M · 7,421 accts · $12.7M emplr
2023$235.1M · 7,100 accts · $17.4M emplr
2022$204.5M · 7,033 accts · $11.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$322,882
Investment management$167,817
Audit (IQPA)$102,057
Trustee / custodial$12,022
Total administrative$725,330
The Hawaii Carpenters 401(K) Fund 401(k) match · 2024
Employer contribution per active participant$1,897
Median for plans this size$3,635
2024$1,897 per active participant
2023$2,711 per active participant
2022$1,798 per active participant

Hawaii Carpenters 401(K) Fund's 2024 employer contribution ran below the $3,635 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 · 20246
HAWAII BENEFIT ADMINISTRATORS, INC · Plan administrator$322,882
RAYMOND JAMES & ASSOCIATES, INC · Investment advisory (plan)$167,817
EIDE BAILLY LLP · Accounting / audit$102,057
SHANLEY A PROFESSIONAL CORP · Legal$33,864
THE SEGAL COMPANY · Investment advisory (plan)$22,140
FIRST HAWAIIAN BANK · Custodial (securities) · Investment management$12,022

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$725,330 · 0.29%
2023$631,297 · 0.29%
2022$615,243 · 0.28%
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Source: U.S. Department of Labor, Form 5500 series, EIN 550822045 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.