American Savings Bank, F.S.B. 401(k) Review & Grade
American Savings Bank 401(k) Plan
Honolulu, HIFinance & Insurance976 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,032Employer $ per active participant
$7,875Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$199.2MNet plan assets, end of year
$142,775Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 76th |
| Employee saving | 59th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($157,211 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- American Savings Bank, F.S.B. put in about $4,032 per active participant, more than the typical peer ($3,606). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,933,490 |
| Participant (employee) contributions | $7,682,451 |
| Other contributions (incl. rollovers in) | $661,207 |
| Administrative expenses paid from the plan | $176,829 |
| Investment advisory & management fees | $19,457 |
| Other admin expenses | $570 |
| Benefits paid out | $20,613,777 |
| Net assets, start / end of year | $181.8M / $199.2M |
| Active participants, start / end of year | 988 / 963 |
| Participants with account balances | 1,395 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Accuity LLP |
Largest service providers (Schedule C)
| Accuity LLP | $51,099 reported compensation |
| Sageview Advisory Group, LLC | $16,932 reported compensation |
| Trucker Huss | $14,948 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805131827NAL0001871937001, received 2025-08-05, EIN 99-0253492, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.