401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL plan

RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL
Plan identification number	001

RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

HAWAII EMPLOYERS COUNCIL has sponsored the creation of one or more 401k plans.

Company Name: HAWAII EMPLOYERS COUNCIL

Employer identification number (EIN): 990061522

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01 DEREK KANEHIRA 2020-02-10 DEREK KANEHIRA 2020-02-10
001 2018-01-01 DEREK KANEHIRA 2019-09-26 ALAN YASUDA 2019-09-26
001 2017-01-01 DEREK KANEHIRA 2018-10-08 ALAN YASUDA 2018-10-08
001 2016-01-01 DEREK KANEHIRA 2017-09-22 ALAN YASUDA 2017-09-22
001 2015-01-01 BONNIE E. FREITAS 2016-09-27 ALAN YASUDA 2016-09-26
001 2014-01-01 BONNIE E. FREITAS 2015-10-01 ALAN YASUDA 2015-09-30
001 2013-01-01 BONNIE E. FREITAS 2014-09-25 ALAN YASUDA 2014-09-24
001 2012-01-01 BONNIE E. FREITAS 2013-06-25 ALAN YASUDA 2013-06-25
001 2011-01-01 BONNIE E FREITAS 2012-07-11 ALAN YASUDA 2012-07-18
001 2010-01-01 BONNIE FREITAS 2011-10-10 ALAN YASUDA 2011-10-10

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01	DEREK KANEHIRA	2020-02-10	DEREK KANEHIRA	2020-02-10
001	2018-01-01	DEREK KANEHIRA	2019-09-26	ALAN YASUDA	2019-09-26
001	2017-01-01	DEREK KANEHIRA	2018-10-08	ALAN YASUDA	2018-10-08
001	2016-01-01	DEREK KANEHIRA	2017-09-22	ALAN YASUDA	2017-09-22
001	2015-01-01	BONNIE E. FREITAS	2016-09-27	ALAN YASUDA	2016-09-26
001	2014-01-01	BONNIE E. FREITAS	2015-10-01	ALAN YASUDA	2015-09-30
001	2013-01-01	BONNIE E. FREITAS	2014-09-25	ALAN YASUDA	2014-09-24
001	2012-01-01	BONNIE E. FREITAS	2013-06-25	ALAN YASUDA	2013-06-25
001	2011-01-01	BONNIE E FREITAS	2012-07-11	ALAN YASUDA	2012-07-18
001	2010-01-01	BONNIE FREITAS	2011-10-10	ALAN YASUDA	2011-10-10

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL

Measure Date Value
2018: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2018 401k membership
Market value of plan assets 2018-12-31 12,574,113
Acturial value of plan assets 2018-12-31 12,239,499
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 6,951,186
Number of terminated vested participants 2018-12-31 5
Fundng target for terminated vested participants 2018-12-31 153,709
Active participant vested funding target 2018-12-31 2,613,292
Number of active participants 2018-12-31 24
Total funding liabilities for active participants 2018-12-31 2,639,175
Total participant count 2018-12-31 58
Total funding target for all participants 2018-12-31 9,744,070
Balance at beginning of prior year after applicable adjustments 2018-12-31 614,527
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 269,988
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 614,527
Amount remaining of prefunding balance 2018-12-31 269,988
Present value of excess contributions 2018-12-31 580,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 614,349
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 614,349
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 671,309
Balance of prefunding at beginning of current year 2018-12-31 909,284
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 70,000
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2017 401k membership
Market value of plan assets 2017-12-31 11,763,045
Acturial value of plan assets 2017-12-31 11,903,985
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 6,252,476
Number of terminated vested participants 2017-12-31 5
Fundng target for terminated vested participants 2017-12-31 133,443
Active participant vested funding target 2017-12-31 2,846,905
Number of active participants 2017-12-31 26
Total funding liabilities for active participants 2017-12-31 2,914,516
Total participant count 2017-12-31 58
Total funding target for all participants 2017-12-31 9,300,435
Balance at beginning of prior year after applicable adjustments 2017-12-31 558,864
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 203,436
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 558,864
Amount remaining of prefunding balance 2017-12-31 203,436
Present value of excess contributions 2017-12-31 43,674
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 46,290
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 46,290
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 614,527
Balance of prefunding at beginning of current year 2017-12-31 269,988
Total employer contributions 2017-12-31 600,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 580,670
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 81,000
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 580,670
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2016 401k membership
Market value of plan assets 2016-12-31 11,362,818
Acturial value of plan assets 2016-12-31 12,050,944
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 6,239,627
Number of terminated vested participants 2016-12-31 5
Fundng target for terminated vested participants 2016-12-31 125,719
Active participant vested funding target 2016-12-31 2,496,445
Number of active participants 2016-12-31 26
Total funding liabilities for active participants 2016-12-31 2,645,059
Total participant count 2016-12-31 58
Total funding target for all participants 2016-12-31 9,010,405
Balance at beginning of prior year after applicable adjustments 2016-12-31 574,963
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 91,613
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 574,963
Amount remaining of prefunding balance 2016-12-31 91,613
Present value of excess contributions 2016-12-31 107,720
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 114,388
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 114,388
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 558,864
Balance of prefunding at beginning of current year 2016-12-31 203,436
Total employer contributions 2016-12-31 45,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 43,674
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 220,127
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 43,674
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2018: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2018 401k membership
Market value of plan assets	2018-12-31	12,574,113
Acturial value of plan assets	2018-12-31	12,239,499
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	6,951,186
Number of terminated vested participants	2018-12-31	5
Fundng target for terminated vested participants	2018-12-31	153,709
Active participant vested funding target	2018-12-31	2,613,292
Number of active participants	2018-12-31	24
Total funding liabilities for active participants	2018-12-31	2,639,175
Total participant count	2018-12-31	58
Total funding target for all participants	2018-12-31	9,744,070
Balance at beginning of prior year after applicable adjustments	2018-12-31	614,527
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	269,988
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	614,527
Amount remaining of prefunding balance	2018-12-31	269,988
Present value of excess contributions	2018-12-31	580,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	614,349
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	614,349
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	671,309
Balance of prefunding at beginning of current year	2018-12-31	909,284
Total employer contributions	2018-12-31	0
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	70,000
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2017 401k membership
Market value of plan assets	2017-12-31	11,763,045
Acturial value of plan assets	2017-12-31	11,903,985
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	6,252,476
Number of terminated vested participants	2017-12-31	5
Fundng target for terminated vested participants	2017-12-31	133,443
Active participant vested funding target	2017-12-31	2,846,905
Number of active participants	2017-12-31	26
Total funding liabilities for active participants	2017-12-31	2,914,516
Total participant count	2017-12-31	58
Total funding target for all participants	2017-12-31	9,300,435
Balance at beginning of prior year after applicable adjustments	2017-12-31	558,864
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	203,436
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	558,864
Amount remaining of prefunding balance	2017-12-31	203,436
Present value of excess contributions	2017-12-31	43,674
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	46,290
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	46,290
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	614,527
Balance of prefunding at beginning of current year	2017-12-31	269,988
Total employer contributions	2017-12-31	600,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	580,670
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	81,000
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	580,670
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: RETIREMENT PLAN FOR EMPLOYEES OF HAWAII EMPLOYERS COUNCIL 2016 401k membership
Market value of plan assets	2016-12-31	11,362,818
Acturial value of plan assets	2016-12-31	12,050,944
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	6,239,627
Number of terminated vested participants	2016-12-31	5
Fundng target for terminated vested participants	2016-12-31	125,719
Active participant vested funding target	2016-12-31	2,496,445
Number of active participants	2016-12-31	26
Total funding liabilities for active participants	2016-12-31	2,645,059
Total participant count	2016-12-31	58
Total funding target for all participants	2016-12-31	9,010,405
Balance at beginning of prior year after applicable adjustments	2016-12-31	574,963
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	91,613
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	574,963
Amount remaining of prefunding balance	2016-12-31	91,613
Present value of excess contributions	2016-12-31	107,720
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	114,388
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	114,388
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	558,864
Balance of prefunding at beginning of current year	2016-12-31	203,436
Total employer contributions	2016-12-31	45,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	43,674
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	220,127
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	43,674
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	HAWAII EMPLOYERS COUNCIL
Employer identification number (EIN):	990061522
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations