Retirement plan

EMPLOYEE BENEFIT PLAN OF REEF DEVELOPMENT OF HAWAII, INC.

Name: REEF DEVELOPMENT OF HAWAII, INC. - EMPLOYEE BENEFIT PLAN OF REEF DEVELOPMENT OF HAWAII, INC. (2022) Form 5500
Creator: REEF DEVELOPMENT OF HAWAII, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF REEF DEVELOPMENT OF HAWAII, INC., REEF DEVELOPMENT OF HAWAII, INC.

REEF DEVELOPMENT OF HAWAII, INC.EIN 99-0141780Plan #002PY 2022

99-930 IWAENA ST STE 107B - AIEA, HI 967013283808-488-1228LinkedIn11-50 employeesconstruction

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$139K

+33.4% from 2021

Total participants

+5.9% from 2021

Average account balance

$8,170

+25.5% from 2021

Annual return

-14.25%

-34.04 pp from 2021

Benchmarks

See 48,278 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$282K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1178

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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.
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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$53

$3 / participant

Other / not subdivided$53100.0%

% of EOY assets

0.038%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,170

$133,981-93.9%

$112,249-92.7%

$134,532-93.9%

Participation rate

94.4%

78.6%+15.9pp

75.1%+19.4pp

81.2%+13.2pp

Annual return

-14.25%

47.16%-61.4pp

27.48%-41.7pp

418.27%-432.5pp

Employer contribution / active EE

$825

$4,040-79.6%

$3,636-77.3%

$4,741-82.6%

Participant deferral / active EE

$1,930

$5,292-63.5%

$4,729-59.2%

$6,401-69.8%

Admin fee / account holder

$7,492-100.0%

$6,412-100.0%

$11,429-100.0%

EMPLOYEE BENEFIT PLAN OF REEF DEVELOPMENT OF HAWAII, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF REEF DEVELOPMENT OF HAWAII, INC.

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