Plan Ledger DOL Form 5500 · updated monthly

Kona Hills, LLC401(k)

KONA HILLS, LLC 401(K) PLAN · KEALAKEKUA, HI · plan year 2023

Reported admin expense ratio · 2023
2.85%

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

Kona Hills, LLC reported $13,310 in plan administrative expenses for 2023: 2.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,819 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 1 year on file its reported administrative ratio rose from 0.03% to 2.85%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Hawaii (266th of 269), and 901st of 945 in agriculture, forestry & fishing. In 2023, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$577,739
Participants with balances54
Active participants33
Employer contributions$258,016
Employee contributions$211,242
Employer contribution per active participant$7,819
Average account balance$10,699
Benefits paid to participants$324,026
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$578K · 54 accts · $258K emplr
2022$355K · 102 accts · $123K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,310
Total administrative$13,310
The Kona Hills, LLC 401(k) match · 2023
Employer contribution per active participant$7,819
Median for plans this size$522
2023$7,819 per active participant
2022$1,309 per active participant

Kona Hills, LLC's 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ASCENSUS LLC · Loan processing · Recordkeeping$13,310

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

Administrative cost history2
2023$13,310 · 2.85%
2022$90 · 0.03%
Similar plansAgriculture, Forestry & Fishing · Hawaii
Macfarms, LLC HI$5.1M · 0.71%
Kapua Orchards Inc. HI$4.5M · 0.83%
Island Plant Company LLC HI$1.2M · 0.13%
Labor Solutions, LLC IL$617K · 1.59%
Platinum Security, Inc. CA$613K · 6.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814568505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.