Plan Ledger DOL Form 5500 · updated monthly

Mid-Pacific Institute403(b)

MID-PACIFIC INSTITUTE 403(B) RETIREMENT PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Mid-Pacific Institute reported $68,567 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $2,803 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 0.09% to 0.08%. 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 38th-largest of 269 plans among Hawaii employers on file, and the 593rd of 3,091 in educational services. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 210 to 250 since 2022.

Plan summary
Net assets, end of year$88,176,559
Participants with balances498
Active participants250
Employer contributions$700,632
Employee contributions$1,682,457
Employer contribution per active participant$2,803
Average account balance$177,061
Benefits paid to participants$6,132,433
Plan auditDisclaimer of opinion
AuditorKMH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$88.2M · 498 accts · $701K emplr
2023$84.0M · 465 accts · $646K emplr
2022$80.4M · 456 accts · $700K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,567
Total administrative$68,567
Employer contributions to the Mid-Pacific Institute plan · 2024
Employer contribution per active participant$2,803
Median for plans this size$3,635
2024$2,803 per active participant
2023$2,990 per active participant
2022$3,333 per active participant

Mid-Pacific Institute's 2024 employer contribution ran below 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
MORGAN STANLEY SMITH BARNEY LLC$39,875
TIAA-TEACHERS INSURANCE AND ANNUITY · Accounting / audit$35,300

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$68,567 · 0.08%
2023$47,262 · 0.06%
2022$66,989 · 0.09%
Same employer
Similar plansEducational Services · Hawaii
Punahou School HI$326.2M · 0.08%
Iolani School HI$202.7M · 0.01%
Hawaii Pacific University HI$86.2M · 0.32%
Hawaii Preparatory Academy HI$42.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990073514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.