Plan Ledger DOL Form 5500 · updated monthly

Iolani School403(b)

IOLANI SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Iolani School reported $21,290 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,282 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 0.013% to 0.011%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 19th-largest of 269 plans among Hawaii employers on file, and the 276th of 3,091 in educational services. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$202,673,595
Participants with balances751
Active participants541
Employer contributions$3,398,537
Employee contributions$4,163,618
Employer contribution per active participant$6,282
Average account balance$269,872
Benefits paid to participants$9,323,743
Plan auditUnmodified (clean) audit opinion
AuditorKMH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$202.7M · 751 accts · $3.4M emplr
2023$184.9M · 710 accts · $3.1M emplr
2022$168.7M · 695 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,290
Total administrative$21,290
Employer contributions to the Iolani School plan · 2024
Employer contribution per active participant$6,282
Median for plans this size$3,635
2024$6,282 per active participant
2023$6,073 per active participant
2022$5,917 per active participant

Iolani School's 2024 employer contribution ran above the $3,635 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 · 20242
TIAA$14,337
NEW PINNACLE CONSULTING GROUP, LLC · Pension consulting$7,528

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$21,290 · 0.01%
2023$25,056 · 0.01%
2022$23,211 · 0.01%
Same employer
Similar plansEducational Services · Hawaii
Punahou School HI$326.2M · 0.08%
Mid-Pacific Institute HI$88.2M · 0.08%
Hawaii Pacific University HI$86.2M · 0.32%
Hawaii Preparatory Academy HI$42.6M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 990073502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.