Plan Ledger DOL Form 5500 · updated monthly

Hawaii State Federal Credit Union401(k)

HAWAII STATE FEDERAL CREDIT UNION 401(K) PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Hawaii State Federal Credit Union reported $63,347 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $6,992 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 fell from 0.101% to 0.095%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 43rd-largest of 269 plans among Hawaii employers on file, and the 1,293rd of 4,798 in finance & insurance. In 2024, employees put in $1.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$70,872,297
Participants with balances477
Active participants367
Employer contributions$2,566,046
Employee contributions$3,118,193
Employer contribution per active participant$6,992
Average account balance$148,579
Benefits paid to participants$4,409,397
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$70.9M · 477 accts · $2.6M emplr
2023$61.8M · 480 accts · $2.5M emplr
2022$51.8M · 479 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,299
Total administrative$63,347
The Hawaii State Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$6,992
Median for plans this size$3,635
2024$6,992 per active participant
2023$6,699 per active participant
2022$5,867 per active participant

Hawaii State Federal Credit Union's 2024 employer contribution ran above the $3,635 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 · 20241
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$63,300

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Hawaii State Federal Credit Union before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,347 · 0.10%
2023$61,538 · 0.11%
2022$56,851 · 0.10%
Same employer
Similar plansFinance & Insurance · Hawaii
Tradewind Group, Inc. HI$125.7M · 0.11%
Territorial Savings Bank HI$42.9M · 0.03%
Finance Factors, LTD. HI$37.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990073431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.