Retirement plan

HAWAII CARPENTERS 401(K) FUND

Name: BOARD OF TRUSTEES HI CARP 401(K) FD - HAWAII CARPENTERS 401(K) FUND (2018) Form 5500
Creator: BOARD OF TRUSTEES HI CARP 401(K) FD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAII CARPENTERS 401(K) FUND, BOARD OF TRUSTEES HI CARP 401(K) FD

BOARD OF TRUSTEES HI CARP 401(K) FDEIN 55-0822045Plan #004PY 2018

200 N. VINEYARD BLVD., SUITE 100 - HONOLULU, HI 968173938808-841-7575

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$162.5M

-1.8% from 2017

Total participants

6,781

-0.2% from 2017

Average account balance

$23,961

-1.6% from 2017

Annual return

-5.18%

-18.45 pp from 2017

Benchmarks

See 51 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort51 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$257.98M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$35K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

7,421

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.31%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$98

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
HAWAII BENEFIT ADMINISTRATORS, INC.4+ years Service code 13 · EIN 99-0329747 200 N. VINEYARD BLVD, SUITE 100 · HONOLULU, HI 96817	Contract Administrator	$227,759
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES, INC Service code 27 1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813	Advisory (Plan)	$68,157
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Filed as: PRUDENTIAL RETMT INSUR & ANNUITY CO Service code 15 · EIN 06-1050034 280 TRUMBULL STREET · HARTFORD, CT 06103	Recordkeeping	$58,088
JAMES P HASSELMAN CPA LLC4+ years Filed as: JAMES P HASSELMAN, CPA, LLC Service code 10 · EIN 20-5496781 P.O. BOX 11149 · HONOLULU, HI 96828	Accounting	$33,948
THE SEGAL COMPANY4+ years Service code 16 100 MONTGOMERY STREET, SUITE 500 · SAN FRANCISCO, CA 941044308	Consulting	$17,409
ACW INSURANCE GROUP4+ years Service code 22 1000 BISHOP STREET STE 600 · HONOLULU, HI 96813	Insurance Broker	$12,323
DECARLO & SHANLEY4+ years Service code 29 · EIN 95-4022565 533 SOUTH FREEMONT AVENUE, 9TH FL. · LOS ANGELES, CA 90071	Legal	$12,232
FIRST HAWAIIAN BANK4+ years Service code 19 · EIN 99-0034327	Securities Custodian	$8,507

Plan features & details

Pension benefit codes2E2F2G2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$471K

$80 / participant

Investment mgmt$68K14.5%
Contract admin$228K48.3%
Other / not subdivided$175K37.2%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAMES P HASSELMAN CPA LLC
Auditor EIN: 205496781
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,961

$57,255-58.2%

$83,831-71.4%

$68,904-65.2%

Participation rate

100.0%

86.2%+13.8pp

76.1%+23.9pp

74.1%+25.9pp

Annual return

-5.18%

-0.34%-4.8pp

850.99%-856.2pp

1.07%-6.3pp

Employer contribution / active EE

$1,976

$3,341-40.9%

$3,631-45.6%

$2,540-22.2%

Participant deferral / active EE

$758

$3,207-76.4%

$4,082-81.4%

$4,015-81.1%

Admin fee / account holder

$70

$103-32.8%

$5,479-98.7%

$71-2.5%

Provider

Service type

Compensation

HAWAII BENEFIT ADMINISTRATORS, INC.4+ years

Service code 13 · EIN 99-0329747

200 N. VINEYARD BLVD, SUITE 100 · HONOLULU, HI 96817

Contract Administrator

$227,759

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC

Service code 27

1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813

Advisory (Plan)

$68,157

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: PRUDENTIAL RETMT INSUR & ANNUITY CO

Service code 15 · EIN 06-1050034

280 TRUMBULL STREET · HARTFORD, CT 06103

Recordkeeping

$58,088

JAMES P HASSELMAN CPA LLC4+ years

Filed as: JAMES P HASSELMAN, CPA, LLC

Service code 10 · EIN 20-5496781

P.O. BOX 11149 · HONOLULU, HI 96828

Accounting

$33,948

THE SEGAL COMPANY4+ years

Service code 16

100 MONTGOMERY STREET, SUITE 500 · SAN FRANCISCO, CA 941044308

Consulting

$17,409

ACW INSURANCE GROUP4+ years

Service code 22

1000 BISHOP STREET STE 600 · HONOLULU, HI 96813

Insurance Broker

$12,323

DECARLO & SHANLEY4+ years

Service code 29 · EIN 95-4022565

533 SOUTH FREEMONT AVENUE, 9TH FL. · LOS ANGELES, CA 90071

Legal

$12,232

FIRST HAWAIIAN BANK4+ years

Service code 19 · EIN 99-0034327

Securities Custodian

$8,507

HAWAII CARPENTERS 401(K) FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAII CARPENTERS 401(K) FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion