Plan Ledger DOL Form 5500 · updated monthly

Nan, Inc.401(k)

OCEAN HOUSE BUILDERS 401(K) RETIREMENT SAVINGS PLAN · HONOLULU, HI · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Nan, Inc. reported $117,633 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $8,282 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 0.22% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 60th-largest of 269 plans among Hawaii employers on file, and the 1,129th of 5,337 in construction. In 2023, the employer put in $1.86 for every $1.00 employees contributed themselves; active participation has grown from 284 to 318 since 2022.

Plan summary
Net assets, end of year$45,047,680
Participants with balances511
Active participants318
Employer contributions$2,633,540
Employee contributions$1,413,770
Employer contribution per active participant$8,282
Average account balance$88,156
Benefits paid to participants$1,506,034
Plan auditUnmodified (clean) audit opinion
AuditorN&K CPAS INC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $2.7M emplr
2023$45.0M · 511 accts · $2.6M emplr
2022$36.8M · 509 accts · $2.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$117,633
Total administrative$117,633
The Nan, Inc. 401(k) match · 2023
Employer contribution per active participant$8,282
Median for plans this size$2,440
2023$8,282 per active participant
2022$8,529 per active participant

Nan, Inc.'s 2023 employer contribution ran above the $2,440 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 · 20232
PENSION STRATEGIES, INC. · Contract administrator$1,675

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

Administrative cost history3
2024Not separately reported
2023$117,633 · 0.29%
2022$84,550 · 0.22%
Same employer
Similar plansConstruction · Hawaii
Alexander & Baldwin, Inc. HI$28.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990317519 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.