Hawaii › Health care and social assistance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Hawai'i Pacific Health 401(k) Plan
Sponsored by Hawai'i Pacific Health, 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.
Hawai'i Pacific Health of Honolulu, Hawaii sponsors Hawai'i Pacific Health 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 728 participants (0 active) and $117M in net assets.
Net assets came to $161,337 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $124K: $171 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $124K. 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 $96.2M in 2009 to $117M in 2024 (up 22%), and participants from 1,743 to 728 (down 58%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $161,337 | $46,267 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $1,934 | $1,536 | $2,175 |
| Schedule C compensation per participant | $171 | $113 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.11% | 0.25% | 0.31% | 0.26% |
| Administrative expenses per participant | $171 | $109 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), health care and social assistance (9,402) and all US plans (63,460). 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 | 728 | $117M | $161,337 | — | — | $124K |
| 2023 | 823 | $118M | $143,147 | — | — | $117K |
| 2022 | 921 | $108M | $117,415 | $0 | $0 | $119K |
| 2021 | 924 | $134M | $145,049 | — | — | $130K |
| 2020 | 967 | $123M | $127,267 | — | — | $109K |
| 2019 | 1,040 | $118M | $113,313 | — | — | $112K |
| 2018 | 1,129 | $104M | $92,093 | — | — | $151K |
| 2017 | 1,182 | $118M | $99,914 | — | — | $170K |
| 2016 | 1,293 | $110M | $84,891 | — | — | $184K |
| 2015 | 1,336 | $107M | $80,084 | — | — | $214K |
| 2014 | 1,391 | $114M | $81,755 | — | — | $216K |
| 2013 | 1,463 | $115M | $78,376 | — | — | $234K |
| 2012 | 1,524 | $101M | $66,427 | — | — | $57K |
| 2011 | 1,591 | $95.2M | $59,813 | — | — | $29K |
| 2010 | 1,667 | $101M | $60,592 | — | — | $13K |
| 2009 | 1,743 | $96.2M | $55,205 | — | — | $15K |
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$117,810,165
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$14,515,584
- Benefits paid$14,748,355
- Administrative expenses$124,309
- Total expenses$14,872,664
- Net income−$357,080
- Net transfers$0
- Net assets, end of year$117,453,085
Participants
- Active participants0
- Retired or separated, receiving benefits38
- Retired or separated, entitled to future benefits680
- Participants with account balances728
- Total participants, end of year728
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman, Inc. | Recordkeeping and information management; Consulting (pension); Copying and duplicating; Participant communication; Participant loan processing | $89,093 | $0 |
| Morgan Stanley | Investment advisory (plan) | $26,348 | $0 |
| Mosaic Pacific Investment Advisor | Investment advisory (participants) | $8,612 | $0 |
| Charles Schwab & Co., Inc. | Custodial (securities); Securities brokerage | $266 | $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
- Contract administrator fees$89,109
- Investment advisory and management fees$26,348
- Trustee and custodial fees$8,720
- Other trustee fees and expenses$132
- Total administrative expenses$124,309
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.
- Registered investment companies (mutual funds)$97.3M · 82.9%
- Insurance company general account$10.1M · 8.6%
- Other investments$9.8M · 8.4%
- Participant loans$177K · 0.2%
- Cash (interest and non-interest bearing)$12K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $3,000,000
- Blackout period during the yearNo
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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2TTotal or partial participant-directed account plan with a default investment account3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 622000: Hospitals.
Other plans of Hawai'i Pacific Health
| Plan | Participants | Net assets |
|---|---|---|
| Hawai'i Pacific Health 403(b) Savings Plan | 10,412 | $1.53B |
| Hawaii Pacific Health Retirement Plan | 8,449 | $429M |
Similar plans in Hawaii
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Arcadia Retirement Residence 403(b) Plan | Arcadia Retirement Residence | 800 | $52.4M | $65,484 |
| Rehabilitation Hospital of the Pacific 403(b) Retirement Savings Plan | Rehabilitation Hospital of the Pacific | 693 | $55.1M | $79,577 |
| The Queen's Health Systems Retirement Plus Plan | The Queen's Health Systems | 881 | $113M | $127,742 |
| Hawaii Island Community Health Center 403(b) Plan | West Hawaii Community Health Center, Inc. DBA Hawaii Island Community | 669 | $12.9M | $19,302 |
| Waianae Coast Comprehensive Health Center Pension Trust Plan | Waianae District Comprehensive Health and Hospital Board Inc. | 949 | $31.7M | $33,389 |
| Ohana Pacific Management Company Retirement Plan | Ohana Pacific Management Co., Inc. | 612 | $11.5M | $18,747 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Hawai'i Pacific Health 401(k) Plan?
728 participants at the end of the plan year ending 31 Dec 2024, of whom 0 were active employees, with net assets of $117,453,085. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Hawai'i Pacific Health 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 $124,319 in compensation to service provider organisations, $171 per participant or 0.11% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $124,309. 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 Hawai'i Pacific Health. Recordkeeping or administration: Milliman, Inc.. Investment advisory or management: Morgan Stanley and Mosaic Pacific Investment Advisor. Trustee or custodian: Charles Schwab & Co., Inc.. The financial statements were audited by Ernst & Young, LLP. 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 15 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 99-0246363, plan 010, received 15 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.