Plan Ledger DOL Form 5500 · updated monthly

Waimanaolo Health Center401(k)

WAIMANALO HEALTH CENTER 403(B) TAX SHELTERED ANNUITY PLAN · WAIMANAOLO, HI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Waimanaolo Health Center reported $4,729 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,028 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 3 years on file its reported administrative ratio fell from 0.15% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Hawaii (179th of 269), and 6,637th of 11,911 in health care & social assistance. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 109 to 135 since 2021.

Plan summary
Net assets, end of year$7,564,638
Participants with balances147
Active participants135
Employer contributions$273,836
Employee contributions$586,017
Employer contribution per active participant$2,028
Average account balance$51,460
Benefits paid to participants$268,879
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$7.6M · 147 accts · $274K emplr
2023$5.5M · 147 accts · $177K emplr
2022$4.4M · 126 accts · $188K emplr
2021$4.5M · 97 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,729
Total administrative$4,729
The Waimanaolo Health Center 401(k) match · 2024
Employer contribution per active participant$2,028
Median for plans this size$1,313
2024$2,028 per active participant
2023$1,314 per active participant
2022$1,426 per active participant
2021$1,222 per active participant

Waimanaolo Health Center'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 · 20241
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$4,729

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history4
2024$4,729 · 0.07%
2023$4,894 · 0.10%
2022$4,297 · 0.10%
2021$6,312 · 0.15%
Similar plansHealth Care & Social Assistance · Hawaii
Child and Family Service HI$11.3M · 0.32%
PC Care Corp HI$10.6M · 0.50%
Kuhana Associates LLC HI$7.9M · 0.73%
Kama'Aina Care, Inc HI$7.5M · 0.60%
Hale Kipa Inc. HI$5.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990273205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.