Plan Ledger DOL Form 5500 · updated monthly

The Hawaii Group, Inc.401(k)

HIGROUP 401(K) RETIREMENT PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
1.89%

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

The Hawaii Group, Inc. reported $49,184 in plan administrative expenses for 2024: 1.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,591 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 1.12% to 1.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Hawaii (231st of 269), and 1,772nd of 2,534 in administrative & support services. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,898,294
Participants with balances141
Active participants106
Employer contributions$168,649
Employee contributions$295,739
Employer contribution per active participant$1,591
Average account balance$20,555
Benefits paid to participants$218,087
Plan auditUnmodified (clean) audit opinion
AuditorVERITY CPA
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 141 accts · $169K emplr
2023$2.3M · 111 accts · $161K emplr
2022$1.9M · 102 accts · $157K emplr
Administrative expenses, itemized · 2024
Investment management$49,184
Total administrative$49,184
The The Hawaii Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,591
Median for plans this size$1,313
2024$1,591 per active participant
2023$1,564 per active participant
2022$1,417 per active participant

The Hawaii Group, Inc.'s 2024 employer contribution ran above the $1,313 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
THE RYDING COMPANY · Recordkeeping · Loan processing$22,253
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$15,141
VERITY CPAS · Accounting / audit$9,047
CW ASSOCIATES · Accounting / audit$7,748

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

Recordkeeper by year2
2024THE RYDING COMPANY, Transamerica
2023THE RYDING COMPANY, Transamerica

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

Administrative cost history3
2024$49,184 · 1.89%
2023$36,407 · 1.73%
2022$24,706 · 1.12%
Similar plansAdministrative & Support Services · Hawaii
Gsi Service Group Inc. HI$7.4M · 0.30%
Homestead America, LTD. OH$2.9M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273129236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.