Plan Ledger DOL Form 5500 · updated monthly

Maui Economic Opportunity Inc401(k)

MAUI ECONOMIC OPPORTUNITY INC. 401(K) PLAN · WAILUKU, HI · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Maui Economic Opportunity Inc reported $52,782 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,025 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 0.82% to 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Hawaii (195th of 269), and 2,178th of 3,341 in other services. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,829,059
Participants with balances180
Active participants151
Employer contributions$305,749
Employee contributions$460,364
Employer contribution per active participant$2,025
Average account balance$32,384
Benefits paid to participants$961,909
Plan auditUnmodified (clean) audit opinion
AuditorCW ASSOCIATES, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 180 accts · $306K emplr
2023$5.5M · 172 accts · $274K emplr
2022$5.1M · 170 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,782
Total administrative$52,782
The Maui Economic Opportunity Inc 401(k) match · 2024
Employer contribution per active participant$2,025
Median for plans this size$1,313
2024$2,025 per active participant
2023$1,851 per active participant
2022$1,938 per active participant

Maui Economic Opportunity Inc'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 · 20241
EQUITABLE LIFE INSURANCE CO. · Recordkeeping · Loan processing$42,311

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

Recordkeeper by year2
2024EQUITABLE LIFE INSURANCE CO.
2023EQUITABLE LIFE INSURANCE CO.

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

Administrative cost history3
2024$52,782 · 0.93%
2023$46,843 · 0.88%
2022$43,767 · 0.82%
Same employer
Similar plansOther Services · Hawaii
Hawaii Community Foundation HI$14.3M · 0.44%
Marisco, LTD. HI$8.9M · 0.15%
Bacon Universal Co., Inc. HI$3.3M · 0.47%
The Arc of Maui HI$2.3M · 0.02%
Helping Hands Hawaii HI$2.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 996009889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.