Plan Ledger DOL Form 5500 · updated monthly

Hawaii Pacific Foundation401(k)

HAWAII PACIFIC FOUNDATION 401(K) PLAN · MANASSAS, VA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Hawaii Pacific Foundation reported $17,983 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,682 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 1 year on file its reported administrative ratio rose from 0.05% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 951st-largest of 2,266 plans among Virginia employers on file, and the 5,321st of 11,654 in professional & technical services. In 2023, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,285,454
Participants with balances649
Active participants323
Employer contributions$1,512,405
Employee contributions$2,797,307
Employer contribution per active participant$4,682
Average account balance$32,797
Benefits paid to participants$7,364,948
Plan auditUnmodified (clean) audit opinion
AuditorBUCHBINDER TUNICK & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$21.3M · 649 accts · $1.5M emplr
2022$19.8M · 839 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,983
Total administrative$17,983
The Hawaii Pacific Foundation 401(k) match · 2023
Employer contribution per active participant$4,682
Median for plans this size$2,440
2023$4,682 per active participant
2022$2,779 per active participant

Hawaii Pacific Foundation's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
AMERICAN UNITED LIFE INSURANCE CO · Loan processing · Participant communication$13,761

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

Administrative cost history2
2023$17,983 · 0.09%
2022$9,467 · 0.05%
Similar plansProfessional & Technical Services · Virginia
Brillient Corporation VA$21.8M · 0.70%
Kaleo, Inc. VA$21.7M · 0.34%
Tenica and Associates LLC VA$21.3M · 0.69%
Network Designs, Inc. VA$21.3M · 0.45%
PHASE2 Technology, LLC VA$21.1M · 0.46%
Kms Solutions, LLC VA$21.1M · 0.37%
Redgrave LLP VA$21.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830630346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.