Retirement plan

HAWAII STEVEDORES 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: HAWAII STEVEDORES, INC. - HAWAII STEVEDORES 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2023) Form 5500
Creator: HAWAII STEVEDORES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAII STEVEDORES 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, HAWAII STEVEDORES, INC.

HAWAII STEVEDORES, INC.EIN 99-0108338Plan #002PY 2023

4040 CIVIC CENTER DRIVE, SUITE 350 - SAN RAFAEL, CA 94903415-927-6491hawaiistevedores.comLinkedIn201-500 employeestransportation/trucking/railroad

Other plans on this EIN

2 filings

#003Retirement-$15.7M assets #001Retirement-$6.3M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$41.2M

+18.0% from 2022

Total participants

505

+1.4% from 2022

Average account balance

$144,519

+41.6% from 2022

Annual return

15.61%

+32.33 pp from 2022

Benchmarks

See 664 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.58M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

320

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$16,351
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$6,783

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$50 / participant

Recordkeeping$7K29.3%
Investment mgmt$16K70.7%

% of EOY assets

0.056%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,519

$49,763+190.4%

$70,565+104.8%

$74,473+94.1%

Participation rate

52.8%

64.6%-11.9pp

68.4%-15.6pp

70.7%-18.0pp

Annual return

15.61%

21.21%-5.6pp

32.79%-17.2pp

34.36%-18.8pp

Employer contribution / active EE

$1,020

$1,776-42.5%

$2,976-65.7%

$2,638-61.3%

Participant deferral / active EE

$6,537

$3,379+93.5%

$4,568+43.1%

$4,530+44.3%

Admin fee / account holder

$81

$316-74.3%

$6,430-98.7%

$347-76.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$16,351

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$6,783

HAWAII STEVEDORES 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAII STEVEDORES 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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