How much does Ronald D. Howard, Inc. contribute to its ESOP?

In 2023, employer contributions to the Ronald D. Howard, Inc. plan averaged $1,211 per active participant, below the $1,308 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Ronald D. Howard, Inc. 401(k)?

The average participant account balance was $10,562 for plan year 2023, based on 303 accounts.

Ronald D. Howard, Inc.ESOP

Name: Ronald D. Howard, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

RONALD D. HOWARD, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · HONOLULU, HI · plan year 2023

Employer contribution per participant · 2023

$1,211

Ronald D. Howard, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $3,200,307 across 303 participant accounts, with employer contributions averaging $1,211 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Hawaii (227th of 269), and 1,907th of 2,677 in transportation & warehousing. active participation has grown from 183 to 206 since 2022.

Plan summary
Net assets, end of year$3,200,307
Participants with balances303
Active participants206
Employer contributions$249,424
Employee contributions—
Employer contribution per active participant$1,211
Average account balance$10,562
Benefits paid to participants$169,996
Plan auditUnmodified (clean) audit opinion
AuditorACCUITY LLP

Plan history3

Yearassets · accounts · employer contribution

2024$2.8M · 328 accts

2023$3.2M · 303 accts · $249K emplr

2022$2.9M · 279 accts · $182K emplr

Employer contributions to the Ronald D. Howard, Inc. plan · 2023

Employer contribution per active participant$1,211

Median for plans this size$1,308

2023$1,211 per active participant

2022$993 per active participant

Ronald D. Howard, Inc.'s 2023 employer contribution ran below the $1,308 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

Similar plansTransportation & Warehousing · Hawaii
M. Dyer & Sons, Inc. HI$7.4M · 0.11%
Ground Transport, Inc. HI$6.6M · 0.82%
Pineridge Farms, Inc HI$4.9M · 0.87%
E Noa Corporation HI$3.4M · 0.30%
Transair & Rhoades Aviation, Inc. HI$2.3M · 1.19%
Hawaii Island Air, Inc. HI$1.7M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990320609 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.