Plan Ledger DOL Form 5500 · updated monthly

Hawaiian Electric Industries, Inc.401(k) + ESOP (KSOP)

HAWAIIAN ELECTRIC INDUSTRIES RETIREMENT SAVINGS PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Hawaiian Electric Industries, Inc. reported $399,482 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $2,797 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 0.04% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 4th-largest of 269 plans among Hawaii employers on file, and the 58th of 786 in management of companies. In 2024, employees put in $4.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$780,651,459
Participants with balances3,100
Active participants2,688
Employer contributions$7,518,855
Employee contributions$32,028,739
Employer contribution per active participant$2,797
Average account balance$251,823
Benefits paid to participants$52,963,391
Plan auditUnmodified (clean) audit opinion
AuditorACCUITY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$780.7M · 3,100 accts · $7.5M emplr
2023$684.8M · 3,153 accts · $6.0M emplr
2022$620.6M · 3,027 accts · $4.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$210,526
Investment management$69,366
Audit (IQPA)$90,576
Total administrative$399,482
The Hawaiian Electric Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,797
Median for plans this size$4,294
2024$2,797 per active participant
2023$2,198 per active participant
2022$1,530 per active participant

Hawaiian Electric Industries, Inc.'s 2024 employer contribution ran below 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 · 20244
ACCUITY LLP · Accounting / audit · Consulting$90,576
SAGEVIEW ADVISORY GROUP, LLC · Consulting$64,745
TRUCKER HUSS · Legal$29,014
FIDELITY INV INST OPER CO, INC. · Loan processingindirect comp

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$399,482 · 0.05%
2023$360,975 · 0.06%
2022$264,140 · 0.04%
Same employer
Similar plansManagement of Companies · Hawaii
Oge Energy Corp. OK$834.1M · 0.05%
Hilltop Holdings Inc. TX$809.7M · 0.06%
Meggitt-Usa, Inc. OH$801.9M · 0.02%
Ufp Industries, Inc MI$791.7M · 0.06%
Arcbest Corporation AR$778.4M · 0.06%
Ralliant Corporation NC$754.6M · 0.05%
Old National Bancorp IN$733.1M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 990208097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.