Hawaii › Transportation and warehousing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retirement Plan for Pilots of Hawaiian Airlines, Inc.
Sponsored by Hawaiian Airlines, Inc., Honolulu, HI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Retirement Plan for Pilots of Hawaiian Airlines, Inc. is a cash balance pension plan sponsored by Hawaiian Airlines, Inc. of Honolulu, Hawaii. For the plan year ending 31 Dec 2024 it reported 513 participants, 135 of them active, and net assets of $285M.
Net assets came to $554,796 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $94,853 median for defined benefit plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $1.2M: $2,302 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $1.2M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $177M in 2009 to $285M in 2024 (up 61%), and participants from 592 to 513 (down 13%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $554,796 | $86,583 | $94,853 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $12,821 | $10,244 |
| Schedule C compensation per participant | $2,302 | $377 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.41% | 0.48% | 0.43% | 0.42% |
| Administrative expenses per participant | $2,315 | $591 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), transportation and warehousing (227) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 513 | $285M | $554,795 | — | — | $1.2M |
| 2023 | 516 | $298M | $577,211 | — | — | $1.2M |
| 2022 | 520 | $287M | $551,083 | — | — | $1.3M |
| 2021 | 526 | $405M | $769,897 | — | — | $1.7M |
| 2020 | 530 | $382M | $721,626 | — | — | $1.5M |
| 2019 | 534 | $351M | $658,169 | — | — | $1.5M |
| 2018 | 539 | $308M | $570,837 | $50.0M | — | $1.3M |
| 2017 | 548 | $296M | $540,268 | $30.0M | — | $1.2M |
| 2016 | 553 | $247M | $446,367 | $25.6M | — | $1.0M |
| 2015 | 555 | $225M | $405,404 | $10.9M | — | $1.1M |
| 2014 | 556 | $230M | $414,180 | $3.0M | — | $637K |
| 2013 | 560 | $231M | $413,175 | $12.4M | — | $209K |
| 2012 | 564 | $202M | $357,608 | $13.1M | — | $234K |
| 2011 | 557 | $179M | $320,917 | $7.6M | — | $229K |
| 2010 | 573 | $192M | $334,511 | $10.9M | — | $236K |
| 2009 | 592 | $177M | $299,056 | $21.8M | — | $9,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$297,841,211
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$14,327,091
- Benefits paid$26,370,245
- Administrative expenses$1,187,638
- Total expenses$27,557,883
- Net income−$13,230,792
- Net transfers$0
- Net assets, end of year$284,610,419
Participants
- Active participants135
- Retired or separated, receiving benefits315
- Retired or separated, entitled to future benefits15
- Total participants, end of year513
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Russell Trust Company | Trustee (directed) | $1,151,175 | $0 |
| The Prudential Insurance Company | Plan Administrator; Investment management | $29,737 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Trustee and custodial fees$1,180,912
- Investment advisory and management fees$6,726
- Total administrative expenses$1,187,638
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$282M · 98.9%
- Pooled separate accounts$3.2M · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 481000: Air Transportation.
Other plans of Hawaiian Airlines, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Hawaiian Airlines, Inc. 401(k) Savings Plan | 5,094 | $529M |
| Hawaiian Airlines, Inc. 401(k) Plan for Flight Attendants | 2,348 | $460M |
| Hawaiian Airlines, Inc. Pilots' 401(k) Plan | 1,272 | $696M |
Similar plans in Hawaii
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Hawaii Truckers-Teamsters Union Pension Plan | Trustees of Hawaii Truckers-Teamsters Union Pension Fund | 1,107 | $166M | $149,563 |
| Young Brothers, Limited Pension Plan | Young Brothers, LLC | 339 | $82.8M | $244,197 |
| Hawaii Longshore Pension Plan | Board of Trustees of Hawaii Longshore Pension Plan | 1,452 | $429M | $295,768 |
| Pension Plan for Ots, Inc. | Oahu Transit Services, Inc. | 212 | $40.6M | $191,633 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Retirement Plan for Pilots of Hawaiian Airlines, Inc.?
513 participants at the end of the plan year ending 31 Dec 2024, of whom 135 were active employees, with net assets of $284,610,419. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Hawaiian Airlines, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,180,912 in compensation to service provider organisations, $2,302 per participant or 0.41% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $1,187,638. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Hawaiian Airlines, Inc.. Recordkeeping or administration: The Prudential Insurance Company. Investment advisory or management: The Prudential Insurance Company. Trustee or custodian: Russell Trust Company. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 10 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 99-0042880, plan 002, received 10 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.