Retirement plan

ISLAND AIR 401(K) RETIREMENT SAVINGS PLAN

Name: HAWAII ISLAND AIR, INC. - ISLAND AIR 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HAWAII ISLAND AIR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ISLAND AIR 401(K) RETIREMENT SAVINGS PLAN, HAWAII ISLAND AIR, INC.

HAWAII ISLAND AIR, INC.dba ISLAND AIREIN 99-0198708Plan #001PY 2024

P.O.BOX 1573 - HONOLULU, HI 96806808-223-2726LinkedIn1-10 employeeshospitality

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$1.7M

-32.0% from 2020

Total participants

289

-53.2% from 2020

Average account balance

$6,054

-18.3% from 2020

Annual return

10.13%

-0.68 pp from 2020

Benchmarks

See 9,725 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,725 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.75M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

289

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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 4 by compensation

Provider	Service type	Compensation
CARLSMITH BALL LLP1 year Filed as: CARLSMITH BALL Service code 29 PO BOX 656 · HONOLULU, HI 96809	Legal	$5,948
CHAR SAKAMOTO ISHII LUM & CHING1 year Filed as: CHAR SAKAMOTO ISHII LUM & CHING AAL Service code 29 841 BISHOP ST STE 850 · HONOLULU, HI 96813	Legal	$2,000
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: ARTHUR J. GALLAGHER & CO. Service code 73 · EIN 94-3015711 2850 GOLF RD · ROLLING MEADOWS, IL 60008	Other insurance fees and expenses	$933
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$850

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$10K

Recordkeeping$8508.7%
Legal$8K81.7%
Other trustee fees$9339.6%

% of EOY assets

0.556%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,054

$90,691-93.3%

$76,119-92.0%

$145,884-95.8%

Participation rate

0.0%

74.5%-74.5pp

69.1%-69.1pp

80.3%-80.3pp

Annual return

10.13%

624.52%-614.4pp

361.25%-351.1pp

551.85%-541.7pp

Employer contribution / active EE

$3,329-100.0%

$2,693-100.0%

$4,662-100.0%

Participant deferral / active EE

$5,167-100.0%

$4,259-100.0%

$6,690-100.0%

Admin fee / account holder

$34

$8,383-99.6%

$6,421-99.5%

$13,392-99.7%

Provider

Service type

Compensation

CARLSMITH BALL LLP1 year

Filed as: CARLSMITH BALL

Service code 29

PO BOX 656 · HONOLULU, HI 96809

Legal

$5,948

CHAR SAKAMOTO ISHII LUM & CHING1 year

Filed as: CHAR SAKAMOTO ISHII LUM & CHING AAL

Service code 29

841 BISHOP ST STE 850 · HONOLULU, HI 96813

Legal

$2,000

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: ARTHUR J. GALLAGHER & CO.

Service code 73 · EIN 94-3015711

2850 GOLF RD · ROLLING MEADOWS, IL 60008

Other insurance fees and expenses

$933

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$850

ISLAND AIR 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ISLAND AIR 401(K) RETIREMENT SAVINGS PLAN

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