Plan Ledger DOL Form 5500 · updated monthly

Hawaii Medical Service Association401(k)

HAWAII MEDICAL SERVICE ASSOCIATION EMPLOYEE THRIFT PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Hawaii Medical Service Association reported $280,090 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $4,563 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 0.061%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 8th-largest of 269 plans among Hawaii employers on file, and the 320th of 4,798 in finance & insurance. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$480,004,572
Participants with balances2,173
Active participants1,380
Employer contributions$6,296,917
Employee contributions$12,003,249
Employer contribution per active participant$4,563
Average account balance$220,895
Benefits paid to participants$32,087,440
Plan auditUnmodified (clean) audit opinion
AuditorACCUITY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$480.0M · 2,173 accts · $6.3M emplr
2023$433.5M · 2,114 accts · $5.9M emplr
2022$381.9M · 2,107 accts · $5.7M emplr
The Hawaii Medical Service Association 401(k) match · 2024
Employer contribution per active participant$4,563
Median for plans this size$4,294
2024$4,563 per active participant
2023$4,571 per active participant
2022$4,544 per active participant

Hawaii Medical Service Association's 2024 employer contribution ran above the $4,294 median for plans its size. 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
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$167,733
VANGUARD ADVISERS INC. · Investment advisory (participants)$118,607

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$280,090 · 0.06%
2023$253,131 · 0.06%
2022$250,679 · 0.06%
Same employer
Similar plansFinance & Insurance · Hawaii
Bank of Hawaii HI$908.1M · 0.07%
Jennison Associates LLC NY$485.9M · 0.04%
Mortgage Research Center LLC MO$484.5M · 0.15%
Cetera Financial Group, Inc. CA$471.3M · 0.16%
Gbt US LLC NY$470.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990040115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.