Plan Ledger DOL Form 5500 · updated monthly

West Hawaii Community Health Center, Inc. dba Hawaii Island Community403(b)

HAWAII ISLAND COMMUNITY HEALTH CENTER 403(B) PLAN · KAILUA-KONA, HI · plan year 2024

Reported admin expense ratio · 2024
1.06%

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

West Hawaii Community Health Center, Inc. dba Hawaii Island Community reported $121,699 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,879 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 0.87% to 1.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Hawaii (143rd of 269), and the 4,931st of 11,911 in health care & social assistance. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has grown from 384 to 439 since 2022.

Plan summary
Net assets, end of year$12,913,003
Participants with balances629
Active participants439
Employer contributions$825,024
Employee contributions$1,786,544
Employer contribution per active participant$1,879
Average account balance$20,529
Benefits paid to participants$1,077,099
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 629 accts · $825K emplr
2023$10.1M · 434 accts · $734K emplr
2022$7.0M · 467 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$121,699
Total administrative$121,699
Employer contributions to the West Hawaii Community Health Center, Inc. dba Hawaii Island Community plan · 2024
Employer contribution per active participant$1,879
Median for plans this size$2,416
2024$1,879 per active participant
2023$1,712 per active participant
2022$1,330 per active participant

West Hawaii Community Health Center, Inc. dba Hawaii Island Community's 2024 employer contribution ran below the $2,416 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 · 20249
HICKS PENSION GROUP · Contract administrator$55,071
PACKERLAND BROKERAGE SERVICES · Investment advisory (plan)$33,970
SAXONY CAPITAL MANAGEMENT$4,025
EMPOWER ADVISORY GROUP LLC · Investment management$3,944
WORLD INVESTEMENT ADVISORS LLC$1,342
EMPOWER ADVISORY GROUP, LLC · Investment managementindirect comp
HICKS PENSION GROUP · Contract administratorindirect comp

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$121,699 · 1.06%
2023$71,273 · 0.84%
2022$59,791 · 0.87%
Same employer
Similar plansHealth Care & Social Assistance · Hawaii
Hawaii Dental Group, Inc. HI$15.6M · 0.04%
Kalihi-Palama Health Center HI$12.9M · 0.29%
Waikiki Health HI$12.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200495394 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.