Plan Ledger DOL Form 5500 · updated monthly

Ssfm International, Inc.401(k)

SSFM INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Ssfm International, Inc. reported $139,166 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $8,562 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 0.19% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 69th-largest of 269 plans among Hawaii employers on file, and the 3,552nd of 11,654 in professional & technical services. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$36,572,254
Participants with balances174
Active participants146
Employer contributions$1,250,000
Employee contributions$1,080,353
Employer contribution per active participant$8,562
Average account balance$210,185
Benefits paid to participants$1,027,339
Plan auditUnmodified (clean) audit opinion
AuditorN&K CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$36.6M · 174 accts · $1.3M emplr
2023$30.7M · 170 accts · $1.0M emplr
2022$25.1M · 166 accts · $875K emplr
Administrative expenses, itemized · 2024
Investment management$16,408
Total administrative$139,166
The Ssfm International, Inc. 401(k) match · 2024
Employer contribution per active participant$8,562
Median for plans this size$2,416
2024$8,562 per active participant
2023$7,407 per active participant
2022$6,341 per active participant

Ssfm International, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$490
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$16,408

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$139,166 · 0.41%
2023$88,129 · 0.32%
2022$50,765 · 0.19%
Similar plansProfessional & Technical Services · Hawaii
Jtsi, Inc. HI$49.5M · 0.62%
Architects Hawaii, LTD. HI$23.2M · 0.32%
Kmh LLP HI$22.0M · 0.22%
R. M. Towill Corporation HI$21.8M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 990106392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.