Plan Ledger DOL Form 5500 · updated monthly

Punahou School403(b)

PUNAHOU SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Punahou School reported $244,800 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $3,001 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 $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 13th-largest of 269 plans among Hawaii employers on file, and the 178th of 3,091 in educational services. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has grown from 932 to 1,709 since 2022.

Plan summary
Net assets, end of year$326,210,553
Participants with balances1,487
Active participants1,709
Employer contributions$5,128,483
Employee contributions$6,189,625
Employer contribution per active participant$3,001
Average account balance$219,375
Benefits paid to participants$19,057,222
Plan auditUnmodified (clean) audit opinion
AuditorKMH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$326.2M · 1,487 accts · $5.1M emplr
2023$298.6M · 1,453 accts · $4.7M emplr
2022$269.4M · 1,432 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$244,800
Total administrative$244,800
Employer contributions to the Punahou School plan · 2024
Employer contribution per active participant$3,001
Median for plans this size$4,294
2024$3,001 per active participant
2023$3,022 per active participant
2022$4,795 per active participant

Punahou School's 2024 employer contribution ran below the $4,294 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 · 20244
TIAA$144,781
SAGEVIEW ADVISORY GROUP, LLC · Investment management$72,626
KMH, LLP · Accounting / audit$22,969
NEW PINNACLE CONSULTING GROUP, LLC · Consulting$6,316

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$244,800 · 0.08%
2023$213,063 · 0.08%
2022$264,350 · 0.09%
Same employer
Similar plansEducational Services · Hawaii
The Urban Institute DC$329.9M · 0.07%
Bryn Mawr College PA$329.3M · 0.07%
St. Olaf College MN$326.9M · 0.10%
Rider University NJ$325.3M · 0.07%
Elon University NC$324.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990073523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.