Retirement plan

FIRST HAWAIIAN, INC. FUTURE PLAN

Name: FIRST HAWAIIAN, INC. - FIRST HAWAIIAN, INC. FUTURE PLAN (2020) Form 5500
Creator: FIRST HAWAIIAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST HAWAIIAN, INC. FUTURE PLAN, FIRST HAWAIIAN, INC.

FIRST HAWAIIAN, INC.EIN 99-0156159Plan #003PY 2020

HUMAN RESOURCES GROUP PO BOX 3200 - HONOLULU, HI 96847808-525-8728LinkedIn1-10 employeesconsumer services

Other plans on this EIN

2 filings

#002Retirement-$403.9M assets #001Retirement-$115.8M assets

Prospect flagsLow assets / participantLow participant contribution

Top hat statement on fileNQDC

Filed April 18, 2017 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

999 Bishop St., 8th Fl.

Honolulu State: HI Zip Code: 96813

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Plans declared (5)

First Hawaiian, Inc. Supplemental Executive Retirement Plan, Part A73 emp
First Hawaiian, Inc. Supplemental Executive Retirement Plan, Part B34 emp
First Hawaiian, Inc. Deferred Compensation Plan, Part A29 emp
First Hawaiian, Inc. Deferred Compensation Plan, Part B53 emp
First Hawaiian Bank Deferred Compensation Plan85 emp

Total covered: 274 employees

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Total assets (EOY)

$113.9M

-5.1% from 2016

Total participants

2,721

-1.5% from 2016

Average account balance

$42,625

-3.4% from 2016

Annual return

15.37%

-7.03 pp from 2016

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

Participant deferral / active EE

median $6,340

Employer contribution / active EE

$1,743

median $3,126

Participation rate

97.5%

median 96.4%

Avg account balance

$42,625

median $89,531

Admin fee / account holder

median $73

Annual return

15.37%

median 16.73%

Overall peer rank

39of 100

39th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$126.74M

Average account balance

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

$48K

Participants with account balance

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

2,644

Eligible Participants and Participation

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

97.0%

Contributions (total)

Employer and participant dollars contributed each year

$3.79M

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.13%

Admin fee / account holder

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

$29

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

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 codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,625

$110,699-61.5%

$177,839-76.0%

$90,274-52.8%

Participation rate

97.5%

88.3%+9.1pp

87.7%+9.8pp

73.4%+24.1pp

Annual return

15.37%

22.79%-7.4pp

48.33%-33.0pp

53.97%-38.6pp

Employer contribution / active EE

$1,743

$4,118-57.7%

$5,919-70.5%

$2,523-30.9%

Participant deferral / active EE

$6,731-100.0%

$7,714-100.0%

$4,231-100.0%

Admin fee / account holder

$90-100.0%

$12,432-100.0%

$114-100.0%

FIRST HAWAIIAN, INC. FUTURE PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST HAWAIIAN, INC. FUTURE PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

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