Hawaiian Telcom Communications Inc. 401(k) Review & Grade
Hawaiian Telcom 401(k) Plan for Hourly Employees
Honolulu, HIInformation671 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,055Employer $ per active participant
$6,618Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$132.2MNet plan assets, end of year
$232,680Average balance per account
Score breakdown
- Employer generosity41.1 / 5082th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 97th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hawaiian Telcom Communications put in about $5,055 per active participant, more than the typical peer ($2,829). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,391,683 |
| Participant (employee) contributions | $4,440,629 |
| Other contributions (incl. rollovers in) | $144,003 |
| Administrative expenses paid from the plan | $19,159 |
| Benefits paid out | $18,001,039 |
| Net assets, start / end of year | $124.7M / $132.2M |
| Active participants, start / end of year | 570 / 772 |
| Participants with account balances | 568 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Schaefer Hackett |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $19,159 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013103917NAL0002514514001, received 2025-10-13, EIN 16-1710376, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.