Trustees of the Estate of Bernice Pauahi Bishop DBA Kamehameha Schools 401(k) Review & Grade
Kamehameha Schools 401(k) Retirement Savings Plan
Honolulu, HIEducational Services2,555 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,289Employer $ per active participant
$9,327Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$653.5MNet plan assets, end of year
$189,089Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost20.6 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 83th |
| Employee saving | 97th |
| Peers that auto-enroll | 65% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,876 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trustees of the Estate of Bernice Pauahi Bishop DBA Kamehameha Schools put in about $8,289 per active participant, more than the typical peer ($1,155). 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.
- 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 | $21,177,766 |
| Participant (employee) contributions | $23,829,947 |
| Other contributions (incl. rollovers in) | $3,776,749 |
| Administrative expenses paid from the plan | $256,611 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $81,850 |
| Other admin expenses | −$12,703 |
| Benefits paid out | $32,071,702 |
| Net assets, start / end of year | $557.8M / $653.5M |
| Active participants, start / end of year | 2,514 / 2,596 |
| Participants with account balances | 3,456 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Accuity LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $126,245 reported compensation |
| Strategic Advisors, Inc. | $81,850 reported compensation |
| Accuity LLP | $37,068 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916170743NAL0002195841001, received 2025-09-16, EIN 99-0073480, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.