Hawaii Carpenters Financial Security FundMoney purchase plan
HAWAII CARPENTERS FINANCIAL SECURITY FUND · HONOLULU, HI · plan year 2024
Reported admin expense ratio · 2024
0.38%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Hawaii Carpenters Financial Security Fund reported $2,326,271 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $13,266 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 0.38%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 6th-largest of 269 plans among Hawaii employers on file, and the 102nd of 5,337 in construction.
Plan summary
Net assets, end of year$660,779,660
Participants with balances7,254
Active participants4,242
Employer contributions$56,273,669
Employee contributions—
Employer contribution per active participant$13,266
Employer contributions to the Hawaii Carpenters Financial Security Fund plan · 2024
Employer contribution per active participant$13,266
Median for plans this size$4,294
2024$13,266 per active participant
2023$11,862 per active participant
2022$9,547 per active participant
Hawaii Carpenters Financial Security Fund's 2024 employer contribution ran above the $4,294 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 · 202410
RAYMOND JAMES & ASSOCIATES · Investment advisory (plan)$538,283
FIRST HAWAIIAN BANK · Custodial (securities) · Investment management$523,992
HAWAII BENEFIT ADMINISTRATORS, INC. · Plan administrator$416,147
WASHINGTON CAPITAL MANAGEMENT · Investment management$192,926
FOCUS INVESTMENTS · Investment management$167,837
THE SEGAL COMPANY · Investment advisory (plan)$70,360
EIDE BAILLY LLP · Accounting / audit$50,553
BANK OF HAWAII · Custodial (securities) · Investment management$36,503
SHANLEY A PROFESSIONAL CORP. · Legal$26,147
SIERRA INVESTMENT PARTNERS · Investment management$9,053
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Source: U.S. Department of Labor, Form 5500 series, EIN 990264272 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.