Retirement plan

HAWAII FIRE FIGHTERS ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: HAWAII FIRE FIGHTERS ASSOCIATION, IAFFF LOCAL 1463 - HAWAII FIRE FIGHTERS ASSOCIATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: HAWAII FIRE FIGHTERS ASSOCIATION, IAFFF LOCAL 1463
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAII FIRE FIGHTERS ASSOCIATION 401(K) PROFIT SHARING PLAN, HAWAII FIRE FIGHTERS ASSOCIATION, IAFFF LOCAL 1463

HAWAII FIRE FIGHTERS ASSOCIATION, IAFFF LOCAL 1463EIN 99-6008848Plan #002PY 2024

1018 PALM DRIVE - HONOLULU, HI 968141929808-949-1566hawaiifirefighters.orgLinkedIn501-1000 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+2.4% from 2023

Total participants

-14.3% from 2023

Average account balance

$234,949

+19.5% from 2023

Annual return

10.13%

-0.03 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28326

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$170K

$42489 / participant

Other / not subdivided$170K100.0%

% of EOY assets

12.056%

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

$234,949

$88,815+164.5%

$81,882+186.9%

$145,897+61.0%

Participation rate

100.0%

75.1%+24.9pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

10.13%

1033.75%-1023.6pp

779.47%-769.3pp

552.29%-542.2pp

Employer contribution / active EE

$6,588

$3,086+113.4%

$2,916+125.9%

$4,663+41.3%

Participant deferral / active EE

$9,300

$4,647+100.1%

$4,323+115.1%

$6,689+39.0%

Admin fee / account holder

$28,326

$8,434+235.8%

$7,360+284.9%

$13,390+111.5%

HAWAII FIRE FIGHTERS ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAII FIRE FIGHTERS ASSOCIATION 401(K) PROFIT SHARING 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