Hawaii › Accommodation and food services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Hotel Union and Hotel Industry of Hawaii 401(k) Retirement Savings Plan
Sponsored by Hotel 401(k) Retirement Savings Plan, 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.
In the plan year ending 31 Dec 2024, Hotel Union and Hotel Industry of Hawaii 401(k) Retirement Savings Plan covered 7,334 participants and held $170M in net assets. The plan is a 401(k) plan sponsored by Hotel 401(k) Retirement Savings Plan of Honolulu, Hawaii. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $23,171 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $11,807 median for defined contribution plans in accommodation and food services. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $266K: $36.33 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $319K. 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 $53.4M in 2009 to $170M in 2024 (up 218%), and participants from 6,282 to 7,334 (up 17%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $23,171 | $64,499 | $11,807 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $505 | $2,175 |
| Schedule C compensation per participant | $36.33 | $53.38 | $54.19 | $123 |
| Schedule C compensation, share of net assets | 0.16% | 0.09% | 0.49% | 0.26% |
| Administrative expenses per participant | $43.52 | $54.85 | $53.24 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), accommodation and food services (1,254) 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 | 7,334 | $170M | $23,171 | — | $12.1M | $266K |
| 2023 | 7,236 | $149M | $20,626 | — | $12.2M | $268K |
| 2022 | 7,064 | $128M | $18,149 | — | $10.7M | $250K |
| 2021 | 6,543 | $147M | $22,456 | — | $6.9M | $239K |
| 2020 | 5,239 | $134M | $25,622 | — | $4.0M | $250K |
| 2019 | 8,116 | $132M | $16,307 | — | $11.3M | $252K |
| 2018 | 8,252 | $111M | $13,436 | — | $9.8M | $231K |
| 2017 | 8,116 | $113M | $13,945 | $5,000 | $9.6M | $240K |
| 2016 | 8,053 | $99.7M | $12,376 | — | $8.9M | $223K |
| 2015 | 7,283 | $91.6M | $12,573 | — | $8.2M | $194K |
| 2014 | 7,293 | $90.5M | $12,403 | — | $8.0M | $153K |
| 2013 | 6,898 | $82.7M | $11,996 | — | $7.0M | $183K |
| 2012 | 6,811 | $69.9M | $10,270 | — | $6.1M | $193K |
| 2011 | 6,436 | $61.1M | $9,486 | — | $5.2M | $191K |
| 2010 | 6,558 | $60.1M | $9,159 | — | $5.2M | $233K |
| 2009 | 6,282 | $53.4M | $8,499 | — | $5.1M | $245K |
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$149,251,845
- Employer contributions—
- Participant contributions$12,134,517
- Rollovers and other contributions$342,834
- Total contributions$12,477,351
- Total income, including investment results$31,949,731
- Benefits paid$10,945,507
- Administrative expenses$319,157
- Total expenses$11,264,664
- Net income$20,685,067
- Net transfers$0
- Net assets, end of year$169,936,912
Participants
- Active participants7,334
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits—
- Participants with account balances3,459
- Total participants, end of year7,334
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| First Hawaiian Bank | Custodial (securities) | $99,261 | $0 |
| Group Plan Administrators, Inc. | Plan Administrator | $92,099 | $0 |
| Stephen Horn Insurance Services | Insurance agents and brokers | $47,655 | $0 |
| Wells Fargo Advisors | Investment advisory (plan) | $18,750 | $0 |
| U.N.I.T.E. H.E.R.E. Local 5 | Participant communication; Other services | $8,696 | $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
- Investment advisory and management fees$118,011
- Contract administrator fees$92,099
- Other administrative expenses$90,245
- Legal fees$18,802
- Total administrative expenses$319,157
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)$136M · 79.1%
- Common/collective trusts$33.2M · 19.4%
- Cash (interest and non-interest bearing)$2.0M · 1.2%
- Receivables$493K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSingerlewak LLP
- Participant contributions reported as transmitted lateYes, $99,561
- Covered by a fidelity bondYes, $1,000,000
- 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 plan2GTotal participant-directed account plan2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 721110: Hotels (except Casino Hotels) & Motels.
Similar plans in Hawaii
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Outrigger Hotels Hawaii Profit Sharing and Retirement Savings Plan | Outrigger Hotels Hawaii | 2,512 | $163M | $64,762 |
| Halekulani Corporation Cash Accumulation Plan | Halekulani Corporation | 1,220 | $105M | $86,277 |
| Zippy's 401(k) Profit Sharing Plan | FCH Enterprises, Inc. | 1,160 | $44.6M | $38,454 |
| Kyo-Ya Management Company, Ltd. 401(k) Plan | Kyo-Ya Management Company, Ltd. | 1,059 | $63.5M | $59,944 |
| The Prince 401(k) Plan | Prince Resorts Hawaii, Inc. | 953 | $64.0M | $67,188 |
| Taco Aloha, Inc. 401(k) Plan | Taco Aloha, Inc. | 862 | $14.4M | $16,670 |
Defined contribution plans in accommodation and food services closest in size.
Questions and answers
How big is Hotel Union and Hotel Industry of Hawaii 401(k) Retirement Savings Plan?
7,334 participants at the end of the plan year ending 31 Dec 2024, of whom 7,334 were active employees, with net assets of $169,936,912. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Hotel 401(k) Retirement Savings Plan 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 $266,461 in compensation to service provider organisations, $36.33 per participant or 0.16% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $319,157. 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 Hotel 401(k) Retirement Savings Plan. Recordkeeping or administration: Group Plan Administrators, Inc.. Investment advisory or management: Wells Fargo Advisors. Trustee or custodian: First Hawaiian Bank. The financial statements were audited by Singerlewak 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. 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 99-0292187, 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.