Retirement plan

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF HAWAII MEDICAL SERVICE ASSOCIATION

Name: HAWAII MEDICAL SERVICE ASSOCIATION - NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF HAWAII MEDICAL SERVICE ASSOCIATION (2020) Form 5500
Creator: HAWAII MEDICAL SERVICE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF HAWAII MEDICAL SERVICE ASSOCIATION, HAWAII MEDICAL SERVICE ASSOCIATION

HAWAII MEDICAL SERVICE ASSOCIATIONEIN 99-0040115Plan #001PY 2020

818 KEEAUMOKU STREET - HONOLULU, HI 96814808-948-5110hawaiimedicalassociation.orgLinkedIn1-10 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$410.4M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed April 5, 1995

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$167.5M

-4.9% from 2016

Total participants

1,638

+4.7% from 2016

Average account balance

No prior year

Annual return

-57.09%

-9.02 pp from 2016

Benchmarks

See 221 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants250-999

Cohort221 peers

Snapshot2020

Participant deferral / active EE

median $0

Employer contribution / active EE

$57,537

median $13,762

Participation rate

0.0%

median 0.0%

Avg account balance

median $1,863,299

Admin fee / account holder

median $4,319

Annual return

-57.09%

median 11.34%

Overall peer rank

33of 100

33rd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$232.45M

Average account balance

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

$184K

Participants with account balance

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

746

Eligible Participants and Participation

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

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$50.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$58K

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

+3.94%

Admin fee / account holder

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

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
NORTHERN TRUST COMPANY6+ years Service code 21 · EIN 36-1561860	Bank Trustee	$35,483
NOMURA CORPORATE RESEARCH AND ASSET1 year Filed as: NOMURA COPRORATION Service code 13 · EIN 13-3607885	Contract Administrator	$17,934
BLUE CROSS BLUE SHIELD ASSOCIATION1 year Service code 14 · EIN 13-5656874	Plan Administrator	$17,703
PIMCO FUNDS6+ years Filed as: PACIFIC INVESTMENT MANAGEMENT CO Service code 28 · EIN 95-2632339	Investment Management	$12,122
AON CONSULTING1 year Service code 11 · EIN 22-2232264	Actuarial	$11,318
BROOKFIELD1 year Filed as: BROOKFIELD US INC. Service code 28 · EIN 22-3335453	Investment Management	$10,612
METROPOLITAN WEST ASSET MANAGEMENT1 year Filed as: TRUST COMPANY OF THE WEST (TCW) Service code 28 · EIN 95-3703295	Investment Management	$5,078
GRANT THORNTON LLP1 year Service code 10 · EIN 36-6055558	Accounting	-$7,199

Enrolled actuary

1 attachment

TROY L. WARE

AON CONSULTING, INC.

Enrollment #2007419

1900 SIXTEENTH STREET, SUITE 1000

DENVER, CO 80202

(303) 639-4157

Signed 2021-08-31

Plan features & details

Pension benefit codes1A1C1E3F3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$103K

$119 / participant

Investment mgmt$31K30.3%
Contract admin$18K17.2%
Other / not subdivided$54K52.5%

% of EOY assets

0.062%

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: ACCUITY LLP
Auditor EIN: 205325889
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,863,299-100.0%

$373,805-100.0%

$2,822,362-100.0%

Participation rate

0.0%

5.0%-5.0pp

19.3%-19.3pp

0.6%-0.6pp

Annual return

-57.09%

9.58%-66.7pp

9.52%-66.6pp

11.45%-68.5pp

Employer contribution / active EE

$57,537

$21,155+172.0%

$41,951+37.2%

$17,219+234.2%

Participant deferral / active EE

$125-100.0%

$18-100.0%

$357-100.0%

Admin fee / account holder

$4,319-100.0%

$1,512-100.0%

$15,480-100.0%

Provider

Service type

Compensation

NORTHERN TRUST COMPANY6+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$35,483

NOMURA CORPORATE RESEARCH AND ASSET1 year

Filed as: NOMURA COPRORATION

Service code 13 · EIN 13-3607885

Contract Administrator

$17,934

BLUE CROSS BLUE SHIELD ASSOCIATION1 year

Service code 14 · EIN 13-5656874

Plan Administrator

$17,703

PIMCO FUNDS6+ years

Filed as: PACIFIC INVESTMENT MANAGEMENT CO

Service code 28 · EIN 95-2632339

Investment Management

$12,122

AON CONSULTING1 year

Service code 11 · EIN 22-2232264

Actuarial

$11,318

BROOKFIELD1 year

Filed as: BROOKFIELD US INC.

Service code 28 · EIN 22-3335453

Investment Management

$10,612

METROPOLITAN WEST ASSET MANAGEMENT1 year

Filed as: TRUST COMPANY OF THE WEST (TCW)

Service code 28 · EIN 95-3703295

Investment Management

$5,078

GRANT THORNTON LLP1 year

Service code 10 · EIN 36-6055558

Accounting

-$7,199

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF HAWAII MEDICAL SERVICE ASSOCIATION

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

TROY L. WARE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF HAWAII MEDICAL SERVICE ASSOCIATION

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

TROY L. WARE

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