Plan Ledger DOL Form 5500 · updated monthly

Hawaiian Rock Products401(k)

HAWAIIAN ROCK PRODUCTS RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES · MANGILAO, GU · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Hawaiian Rock Products reported $99,467 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,875 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 0.61% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 12th-largest of 35 plans among GU employers on file, and 7,200th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,628,063
Participants with balances316
Active participants303
Employer contributions$871,240
Employee contributions$1,533,818
Employer contribution per active participant$2,875
Average account balance$46,291
Benefits paid to participants$1,617,980
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 316 accts · $871K emplr
2023$13.0M · 317 accts · $806K emplr
2022$12.0M · 309 accts · $729K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,467
Total administrative$99,467
The Hawaiian Rock Products 401(k) match · 2024
Employer contribution per active participant$2,875
Median for plans this size$2,416
2024$2,875 per active participant
2023$2,633 per active participant
2022$2,270 per active participant

Hawaiian Rock Products'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 · 20241
ASC TRUST, LLC · Recordkeeping · Pension consulting$99,082

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

Recordkeeper by year2
2024ASC TRUST, LLC
2023ASC TRUST, LLC

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Administrative cost history3
2024$99,467 · 0.72%
2023$76,539 · 0.61%
2022$72,918 · 0.61%
Similar plansManufacturing · GU
Nap Asset Holdings, LTD IN$14.6M · 0.52%
Leigh Fibers, Inc. SC$14.6M · 0.12%
Lee Masonry Products, Inc. KY$14.6M · 0.01%
L.B. White Company, LLC. WI$14.6M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990113382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.