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 (2018) 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 2018

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

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$110.9M

-2.0% from 2017

Total participants

8,252

+1.7% from 2017

Average account balance

$33,578

-4.8% from 2017

Annual return

-3.81%

-16.86 pp from 2017

Benchmarks

See 91 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort91 peers

Snapshot2018

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 6 by compensation

Provider	Service type	Compensation
GROUP PLAN ADMINISTRATORS4+ years Filed as: GROUP PLAN ADMINISTRATORS, INC. Service code 14 · EIN 99-0187572 222 S. VINEYARD STREET · HONOLULU, HI 96813	Plan Administrator	$113,047
FIRST HAWAIIAN BANK4+ years Service code 19 · EIN 99-0034327 P.O. BOX 3708 · HONOLULU, HI 968113708	Securities Custodian	$77,149
LEMKE, CHINEN & TANAKA, CPA, INC.4+ years Filed as: LEMKE, CHINEN & TANAKA, CPA Service code 10 · EIN 99-0155373 500 ALA MOANA BLVD · HONOLULU, HI 96813	Accounting	$34,345
WELLS FARGO BANK, N.A.4+ 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 53 years Service code 38 · EIN 99-0037985 1516 S. KING STREET · HONOLULU, HI 96826	Participant Communication	$15,431
WEINBERG, ROGER & ROSENFELD4+ years Service code 29 · EIN 99-2458080 220 S. KING STREET · HONOLULU, HI 96813	Legal	$7,695

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

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

$336K

$44 / participant

Investment mgmt$102K30.4%
Contract admin$113K33.6%
Other / not subdivided$121K36.0%

% of EOY assets

0.303%

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

$33,578

$104,281-67.8%

$140,019-76.0%

$68,904-51.3%

Participation rate

35.5%

89.1%-53.6pp

87.5%-52.0pp

74.1%-38.6pp

Annual return

-3.81%

-1.33%-2.5pp

651.15%-655.0pp

1.07%-4.9pp

Employer contribution / active EE

$4,070-100.0%

$5,605-100.0%

$2,540-100.0%

Participant deferral / active EE

$1,276

$6,129-79.2%

$6,927-81.6%

$4,015-68.2%

Admin fee / account holder

$102

$79+29.3%

$10,705-99.0%

$71+42.7%

Provider

Service type

Compensation

GROUP PLAN ADMINISTRATORS4+ years

Filed as: GROUP PLAN ADMINISTRATORS, INC.

Service code 14 · EIN 99-0187572

222 S. VINEYARD STREET · HONOLULU, HI 96813

Plan Administrator

$113,047

FIRST HAWAIIAN BANK4+ years

Service code 19 · EIN 99-0034327

P.O. BOX 3708 · HONOLULU, HI 968113708

Securities Custodian

$77,149

LEMKE, CHINEN & TANAKA, CPA, INC.4+ years

Filed as: LEMKE, CHINEN & TANAKA, CPA

Service code 10 · EIN 99-0155373

500 ALA MOANA BLVD · HONOLULU, HI 96813

Accounting

$34,345

WELLS FARGO BANK, N.A.4+ 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 53 years

Service code 38 · EIN 99-0037985

1516 S. KING STREET · HONOLULU, HI 96826

Participant Communication

$15,431

WEINBERG, ROGER & ROSENFELD4+ years

Service code 29 · EIN 99-2458080

220 S. KING STREET · HONOLULU, HI 96813

Legal

$7,695

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