Retirement plan

HAWAII CARPENTERS 401(K) FD

Name: HAWAII CARPENTERS 401(K) FUND - HAWAII CARPENTERS 401(K) FD (2023) 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 2023

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$235.1M

+15.0% from 2022

Total participants

7,100

+1.0% from 2022

Average account balance

$33,120

+13.9% from 2022

Annual return

12.96%

+26.59 pp from 2022

Benchmarks

See 70 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort70 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
HAWAII BENEFIT ADMINISTRATORS, INC.5 years Filed as: HAWAII BENEFIT ADMINISTRATORS, INC Service code 14 · EIN 99-0329747	Plan Administrator	$308,090
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES & ASSOCIATES, INC Service code 27 · EIN 59-1237041 1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813	Advisory (Plan)	$147,449
DECARLO & SHANLEY3 years Filed as: SHANLEY A PROFESSIONAL CORP Service code 29 · EIN 95-4022565	Legal	$37,969
THE SEGAL COMPANY9+ years Service code 27 · EIN 94-1503999 100 MONTGOMERY STREET, SUITE 500 · SAN FRANCISCO, CA 94104	Advisory (Plan)	$29,543
FIRST HAWAIIAN BANK9+ years Service code 19 · EIN 99-0034327	Securities Custodian	$12,270

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

1 tripped

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

$631K

$98 / participant

Trustee / custodial$12K1.9%
Investment mgmt$147K23.4%
Legal$39K6.2%
Actuarial$30K4.7%
Contract admin$308K48.8%
Other / not subdivided$95K15.0%

% of EOY assets

0.268%

all-in expense ratio

Categories reported

5 / 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: $4,180
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,120

$74,831-55.7%

$96,538-65.7%

$103,590-68.0%

Participation rate

100.0%

83.1%+16.9pp

74.3%+25.7pp

73.3%+26.7pp

Annual return

12.96%

16.15%-3.2pp

35.74%-22.8pp

33.13%-20.2pp

Employer contribution / active EE

$2,711

$3,888-30.3%

$3,740-27.5%

$3,213-15.6%

Participant deferral / active EE

$3,896-100.0%

$4,880-100.0%

$5,214-100.0%

Admin fee / account holder

$89

$130-31.7%

$6,737-98.7%

$114-22.1%

Provider

Service type

Compensation

HAWAII BENEFIT ADMINISTRATORS, INC.5 years

Filed as: HAWAII BENEFIT ADMINISTRATORS, INC

Service code 14 · EIN 99-0329747

Plan Administrator

$308,090

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES & ASSOCIATES, INC

Service code 27 · EIN 59-1237041

1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813

Advisory (Plan)

$147,449

DECARLO & SHANLEY3 years

Filed as: SHANLEY A PROFESSIONAL CORP

Service code 29 · EIN 95-4022565

Legal

$37,969

THE SEGAL COMPANY9+ years

Service code 27 · EIN 94-1503999

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

Advisory (Plan)

$29,543

FIRST HAWAIIAN BANK9+ years

Service code 19 · EIN 99-0034327

Securities Custodian

$12,270

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