Plan Ledger DOL Form 5500 · updated monthly

John Mullen & Co., Inc.401(k)

JOHN MULLEN & CO. INC. 401K RETIREMENT SAVINGS PLAN - PLAN A · HONOLULU, HI · plan year 2023

Reported admin expense ratio · 2023
0.70%

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

John Mullen & Co., Inc. reported $77,676 in plan administrative expenses for 2023: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,421 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 0.66% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Hawaii (155th of 269), and 3,849th of 4,798 in finance & insurance. In 2023, employees put in $2.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,437,094
Participants with balances111
Active participants77
Employer contributions$186,397
Employee contributions$426,908
Employer contribution per active participant$2,421
Average account balance$103,037
Benefits paid to participants$1,340,939
Plan auditUnmodified (clean) audit opinion
AuditorMC GROUP HAWAII, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 109 accts · $205K emplr
2023$11.4M · 111 accts · $186K emplr
2022$10.7M · 108 accts · $95K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$66,808
Investment management$10,868
Total administrative$77,676
The John Mullen & Co., Inc. 401(k) match · 2023
Employer contribution per active participant$2,421
Median for plans this size$2,440
2024$2,665 per active participant
2023$2,421 per active participant
2022$1,301 per active participant

John Mullen & Co., Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$50,506
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$27,170

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$76,903 · 0.74%
2023$77,676 · 0.70%
2022$76,447 · 0.66%
Similar plansFinance & Insurance · Hawaii
Hawaii Dental Service HI$21.9M · 0.07%
Veros Credit LLC CA$11.5M · 0.74%
Wacker Services Corp. IL$11.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990109877 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.