Plan Ledger DOL Form 5500 · updated monthly

Hawaii Preparatory Academy403(b)

HAWAII PREPARATORY ACADEMY DEFINED CONTRIBUTION RETIREMENT PLAN · KAMUELA, HI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Hawaii Preparatory Academy reported $77,159 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,762 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 0.14% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 63rd-largest of 269 plans among Hawaii employers on file, and the 1,031st of 3,091 in educational services. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 181 to 203 since 2022.

Plan summary
Net assets, end of year$42,642,761
Participants with balances400
Active participants203
Employer contributions$763,773
Employee contributions$922,106
Employer contribution per active participant$3,762
Average account balance$106,607
Benefits paid to participants$5,651,655
Plan auditUnmodified (clean) audit opinion
AuditorCW ASSOCIATES CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 400 accts · $764K emplr
2023$42.0M · 390 accts · $853K emplr
2022$39.0M · 383 accts · $848K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,066
Total administrative$77,159
Employer contributions to the Hawaii Preparatory Academy plan · 2024
Employer contribution per active participant$3,762
Median for plans this size$2,416
2024$3,762 per active participant
2023$4,142 per active participant
2022$4,684 per active participant

Hawaii Preparatory Academy's 2024 employer contribution ran above the $2,416 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 · 20244
MULTNOMAH GROUP, INC. · Investment advisory (plan)$35,541
TIAA$23,622
CW ASSOCIATES CPA · Accounting / audit$12,146
NEW PINNACLE CONSULTING GROUP, LLC · Pension consulting$6,150

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$77,159 · 0.18%
2023$73,273 · 0.18%
2022$59,977 · 0.14%
Similar plansEducational Services · Hawaii
Iolani School HI$202.7M · 0.01%
Mid-Pacific Institute HI$88.2M · 0.08%
Hawaii Pacific University HI$86.2M · 0.32%
Le Jardin Academy HI$25.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990078306 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.