Retirement plan

HOTEL UNION AND HOTEL INDUSTRY OF HAWAII 401(K) RETIREMENT SAVINGS PLAN

Name: HOTEL 401(K) RETIREMENT SAVINGS PLAN - HOTEL UNION AND HOTEL INDUSTRY OF HAWAII 401(K) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: HOTEL 401(K) RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOTEL UNION AND HOTEL INDUSTRY OF HAWAII 401(K) RETIREMENT SAVINGS PLAN, HOTEL 401(K) RETIREMENT SAVINGS PLAN

HOTEL 401(K) RETIREMENT SAVINGS PLANEIN 99-0292187Plan #002PY 2017

222 S. VINEYARD ST., SUITE PH-4 - HONOLULU, HI 968132456808-523-9411

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$113.2M

+13.6% from 2016

Total participants

8,116

+0.8% from 2016

Average account balance

$35,268

+9.1% from 2016

Annual return

13.05%

+6.24 pp from 2016

Benchmarks

See 87 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort87 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$171.28M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

3,459

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 7 by compensation

Provider	Service type	Compensation
GROUP PLAN ADMINISTRATORS3+ years Filed as: GROUP PLAN ADMINISTRATORS, INC. Service code 14 · EIN 99-0187572 222 S. VINEYARD STREET · HONOLULU, HI 96813	Plan Administrator	$111,283
FIRST HAWAIIAN BANK3+ years Service code 19 · EIN 99-0034327 P.O. BOX 3708 · HONOLULU, HI 968113708	Securities Custodian	$73,942
LEMKE, CHINEN & TANAKA, CPA, INC.3+ years Filed as: LEMKE, CHINEN & TANAKA, CPA Service code 10 · EIN 99-0155373 500 ALA MOANA BLVD · HONOLULU, HI 96813	Accounting	$33,090
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 1001 BISHOP STREET, SUITE 1900 · HONOLULU, HI 96813	Advisory (Plan)	$25,000
U.N.I.T.E. H.E.R.E. LOCAL 52 years Service code 38 · EIN 99-0037985 1516 S. KING STREET · HONOLULU, HI 96826	Participant Communication	$24,435
WEINBERG, ROGER & ROSENFELD3+ years Service code 29 · EIN 99-2458080 220 S. KING STREET · HONOLULU, HI 96813	Legal	$14,334
HONOLULU ACTUARIAL CONSULTANTS1 year Filed as: HONOLULU ACTUARIAL CONSULTANTS, INC Service code 17 · EIN 20-5644068 1221 KAPIOLANI BLVD, STE 715 · HONOLULU, HI 96814	Pension Consulting	$5,592

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$363K

$48 / participant

Investment mgmt$99K27.2%
Contract admin$111K30.6%
Other / not subdivided$153K42.2%

% of EOY assets

0.321%

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: LEMKE CHINEN & TANAKA CPA INC.
Auditor EIN: 990155373
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,268

$96,400-63.4%

$149,721-76.4%

$177,276-80.1%

Participation rate

35.8%

88.9%-53.2pp

87.1%-51.3pp

74.8%-39.1pp

Annual return

13.05%

19.02%-6.0pp

1501.67%-1488.6pp

21.25%-8.2pp

Employer contribution / active EE

$3,680-100.0%

$5,444-100.0%

$2,479-100.0%

Participant deferral / active EE

$1,255

$5,510-77.2%

$6,568-80.9%

$3,881-67.7%

Admin fee / account holder

$113

$69+63.3%

$11,282-99.0%

$154-26.5%

Provider

Service type

Compensation

GROUP PLAN ADMINISTRATORS3+ years

Filed as: GROUP PLAN ADMINISTRATORS, INC.

Service code 14 · EIN 99-0187572

222 S. VINEYARD STREET · HONOLULU, HI 96813

Plan Administrator

$111,283

FIRST HAWAIIAN BANK3+ years

Service code 19 · EIN 99-0034327

P.O. BOX 3708 · HONOLULU, HI 968113708

Securities Custodian

$73,942

LEMKE, CHINEN & TANAKA, CPA, INC.3+ years

Filed as: LEMKE, CHINEN & TANAKA, CPA

Service code 10 · EIN 99-0155373

500 ALA MOANA BLVD · HONOLULU, HI 96813

Accounting

$33,090

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

1001 BISHOP STREET, SUITE 1900 · HONOLULU, HI 96813

Advisory (Plan)

$25,000

U.N.I.T.E. H.E.R.E. LOCAL 52 years

Service code 38 · EIN 99-0037985

1516 S. KING STREET · HONOLULU, HI 96826

Participant Communication

$24,435

WEINBERG, ROGER & ROSENFELD3+ years

Service code 29 · EIN 99-2458080

220 S. KING STREET · HONOLULU, HI 96813

Legal

$14,334

HONOLULU ACTUARIAL CONSULTANTS1 year

Filed as: HONOLULU ACTUARIAL CONSULTANTS, INC

Service code 17 · EIN 20-5644068

1221 KAPIOLANI BLVD, STE 715 · HONOLULU, HI 96814

Pension Consulting

$5,592

HOTEL UNION AND HOTEL INDUSTRY OF HAWAII 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOTEL UNION AND HOTEL INDUSTRY OF HAWAII 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