Retirement plan

HAWAII CARPENTERS 401(K) FD

Name: HAWAII CARPENTERS 401(K) FUND - HAWAII CARPENTERS 401(K) FD (2022) Form 5500
Creator: HAWAII CARPENTERS 401(K) FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAII CARPENTERS 401(K) FD, HAWAII CARPENTERS 401(K) FUND

HAWAII CARPENTERS 401(K) FUNDEIN 55-0822045Plan #004PY 2022

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)

$204.5M

-12.7% from 2021

Total participants

7,033

+0.2% from 2021

Average account balance

$29,079

-12.8% from 2021

Annual return

-13.63%

-24.59 pp from 2021

Benchmarks

See 68 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort68 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
HAWAII BENEFIT ADMINISTRATORS, INC.4 years Filed as: HAWAII BENEFIT ADMINISTRATORS, INC Service code 14 · EIN 99-0329747	Plan Administrator	$316,107
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES & ASSOCIATES, INC Service code 27 · EIN 59-1237041 1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813	Advisory (Plan)	$150,613
EIDE BAILLY LLP3 years Service code 10 · EIN 45-0250958	Accounting	$31,872
DECARLO & SHANLEY2 years Filed as: SHANLEY A PROFESSIONAL CORP Service code 29 · EIN 95-4022565	Legal	$22,645
THE SEGAL COMPANY8+ years Service code 27 · EIN 94-1503999 100 MONTGOMERY STREET, SUITE 500 · SAN FRANCISCO, CA 94104	Advisory (Plan)	$6,707

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

$615K

$98 / participant

Investment mgmt$151K24.5%
Contract admin$316K51.4%
Other / not subdivided$149K24.1%

% of EOY assets

0.301%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,079

$70,048-58.5%

$112,263-74.1%

$78,104-62.8%

Participation rate

100.0%

84.1%+15.9pp

75.1%+24.9pp

74.5%+25.5pp

Annual return

-13.63%

-10.85%-2.8pp

27.49%-41.1pp

10.90%-24.5pp

Employer contribution / active EE

$1,798

$4,000-55.0%

$3,636-50.5%

$3,128-42.5%

Participant deferral / active EE

$812

$3,679-77.9%

$4,729-82.8%

$5,089-84.0%

Admin fee / account holder

$87

$127-31.1%

$6,410-98.6%

$79+10.8%

Provider

Service type

Compensation

HAWAII BENEFIT ADMINISTRATORS, INC.4 years

Filed as: HAWAII BENEFIT ADMINISTRATORS, INC

Service code 14 · EIN 99-0329747

Plan Administrator

$316,107

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC

Service code 27 · EIN 59-1237041

1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813

Advisory (Plan)

$150,613

EIDE BAILLY LLP3 years

Service code 10 · EIN 45-0250958

Accounting

$31,872

DECARLO & SHANLEY2 years

Filed as: SHANLEY A PROFESSIONAL CORP

Service code 29 · EIN 95-4022565

Legal

$22,645

THE SEGAL COMPANY8+ years

Service code 27 · EIN 94-1503999

100 MONTGOMERY STREET, SUITE 500 · SAN FRANCISCO, CA 94104

Advisory (Plan)

$6,707

HAWAII CARPENTERS 401(K) FD

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAII CARPENTERS 401(K) FD

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