Plan Ledger DOL Form 5500 · updated monthly

Honolulu Freight Service401(k)

HONOLULU FREIGHT SERVICE 401K PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Honolulu Freight Service reported $118,796 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,886 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 0.47% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 642nd-largest of 1,714 plans among Washington employers on file, and the 684th of 2,677 in transportation & warehousing. In 2024, the employer put in $1.83 for every $1.00 employees contributed themselves; active participation has grown from 107 to 233 since 2022.

Plan summary
Net assets, end of year$22,290,334
Participants with balances274
Active participants233
Employer contributions$1,138,413
Employee contributions$623,523
Employer contribution per active participant$4,886
Average account balance$81,352
Benefits paid to participants$3,200,937
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 274 accts · $1.1M emplr
2023$20.8M · 291 accts · $580K emplr
2022$17.9M · 251 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,353
Investment management$52,293
Total administrative$118,796
The Honolulu Freight Service 401(k) match · 2024
Employer contribution per active participant$4,886
Median for plans this size$2,416
2024$4,886 per active participant
2023$2,456 per active participant
2022$4,472 per active participant

Honolulu Freight Service's 2024 employer contribution ran above the $2,416 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,882
THE BALDWIN GROUP WEALTH ADVISORS · Investment advisory (participants)$52,293

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$118,796 · 0.55%
2023$107,029 · 0.55%
2022$90,951 · 0.47%
Same employer
Similar plansTransportation & Warehousing · Washington
Transgroup Express, LLC WA$28.3M · 0.53%
Flexe, Inc. WA$23.9M · 0.14%
Highline Grain Growers, Inc WA$22.6M · 0.22%
Trans-System, Inc. WA$21.9M · 0.32%
Abc Legal Holdings, LLC. WA$17.9M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 952001046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.