Plan Ledger DOL Form 5500 · updated monthly

Island Palm Communities, LLC401(k)

ISLAND PALM COMMUNITIES, LLC EMPLOYEES SAVINGS TRUST · SCHOFIELD BARRACKS, HI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Island Palm Communities, LLC reported $56,657 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,872 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 0.59% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 89th-largest of 269 plans among Hawaii employers on file, and the 539th of 2,096 in real estate & leasing. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,890,672
Participants with balances474
Active participants407
Employer contributions$762,071
Employee contributions$1,516,746
Employer contribution per active participant$1,872
Average account balance$52,512
Benefits paid to participants$2,040,018
Plan auditUnmodified (clean) audit opinion
AuditorN&K CPAS INC.
Plan history3
Yearassets · accounts · employer contribution
2024$24.9M · 474 accts · $762K emplr
2023$21.5M · 325 accts · $592K emplr
2022$18.6M · 336 accts · $598K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,389
Investment management$40,268
Total administrative$56,657
The Island Palm Communities, LLC 401(k) match · 2024
Employer contribution per active participant$1,872
Median for plans this size$2,416
2024$1,872 per active participant
2023$1,506 per active participant
2022$1,567 per active participant

Island Palm Communities, LLC's 2024 employer contribution ran below 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$36,924
ADP, INC. · Loan processing · Recordkeeping$15,463
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023Transamerica

This plan has changed recordkeepers within these filings. If you left Island Palm Communities, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$56,657 · 0.24%
2023$111,058 · 0.55%
2022$119,411 · 0.59%
Same employer
Similar plansReal Estate & Leasing · Hawaii
The Habitat Company, LLC IL$24.9M · 0.50%
Grayco, Inc. VA$24.9M · 0.29%
Cresa Global, Inc. DC$24.9M · 0.63%
Sabey Corporation WA$24.9M · 0.24%
Prime Finance Advisor, L.P. CA$24.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201108750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.