Marukai Corporation 401(k) Review & Grade
Marukai Corporation 401(k) Profit Sharing Plan
Honolulu, HIRetail Trade700 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$848Employer $ per active participant
$2,287Employee $ saved per active participant
1.31%Direct admin cost, % of plan assets
$16.0MNet plan assets, end of year
$17,452Average balance per account
Score breakdown
- Employer generosity27.5 / 5055th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 4th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
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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
- Marukai put in about $848 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (1.31% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $593,189 |
| Participant (employee) contributions | $1,599,601 |
| Other contributions (incl. rollovers in) | $1,031 |
| Administrative expenses paid from the plan | $194,283 |
| Investment advisory & management fees | $19,481 |
| Other admin expenses | $26,175 |
| Benefits paid out | $1,099,717 |
| Net assets, start / end of year | $13.5M / $16.0M |
| Active participants, start / end of year | 715 / 684 |
| Participants with account balances | 919 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $104,738 reported compensation |
| Si Group | $26,175 reported compensation |
| LPL Financial LLC | $19,481 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250927193944NAL0015588258001, received 2025-09-27, EIN 99-0113530, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.