Plan Ledger DOL Form 5500 · updated monthly

I. Kitagawa and Company, Limited401(k)

I. KITAGAWA AND COMPANY, LIMITED 401(K) RETIREMENT SAVINGS PLAN (003) · HILO, HI · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

I. Kitagawa and Company, Limited reported $15,076 in plan administrative expenses for 2024: 0.20% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,388 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 3 years on file its reported administrative ratio has held roughly steady near 0.196%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Hawaii (176th of 269), and 3,100th of 5,215 in retail trade. In 2024, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,776,893
Participants with balances121
Active participants147
Employer contributions$203,973
Employee contributions$441,157
Employer contribution per active participant$1,388
Average account balance$64,272
Benefits paid to participants$1,301,594
Plan auditUnmodified (clean) audit opinion
AuditorMC GROUP HAWAII, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 121 accts · $204K emplr
2023$7.6M · 116 accts · $186K emplr
2022$6.5M · 114 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,055
Investment management$5,000
Total administrative$15,076
The I. Kitagawa and Company, Limited 401(k) match · 2024
Employer contribution per active participant$1,388
Median for plans this size$1,313
2024$1,388 per active participant
2023$1,273 per active participant
2022$1,782 per active participant

I. Kitagawa and Company, Limited's 2024 employer contribution ran above the $1,313 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$8,245
ALPHAPOINT INC · Investment advisory (plan)$5,000
SUEMORI & INOUYE, INC.DBA SI GROUP · Pension consulting · Other servicesindirect 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$15,076 · 0.20%
2023$12,993 · 0.18%
2022$13,777 · 0.20%
Same employer
Similar plansRetail Trade · Hawaii
Maui Divers of Hawaii, LTD. HI$14.9M · 0.02%
City Mill Company, Limited HI$13.7M · 0.69%
The Carpet Shoppe, Inc. HI$9.6M · 0.35%
Pflueger, Inc. HI$8.3M · 0.55%
Only the Best Inc. HI$6.8M · 0.01%
Hh Holdings, Inc. HI$5.6M · 0.47%
Kalama Beach Corporation HI$4.7M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 990045046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.