Hawaiian Airlines, Inc. 401(k) Review & Grade
Hawaiian Airlines, Inc. 401(k) Plan for Flight Attendants
Honolulu, HITransportation & Warehousing2,218 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,177Employer $ per active participant
$5,581Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$459.7MNet plan assets, end of year
$197,644Average balance per account
Score breakdown
- Employer generosity45.4 / 5091th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 95th |
| Employee saving | 79th |
| Peers that auto-enroll | 37% |
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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 Airlines put in about $4,177 per active participant, more than the typical peer ($1,070). 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 | $9,267,232 |
| Participant (employee) contributions | $12,381,318 |
| Other contributions (incl. rollovers in) | $476,445 |
| Administrative expenses paid from the plan | $91,551 |
| Investment advisory & management fees | $89,791 |
| Benefits paid out | $23,943,723 |
| Net assets, start / end of year | $403.1M / $459.7M |
| Active participants, start / end of year | 2,223 / 2,214 |
| Participants with account balances | 2,326 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $76,247 reported compensation |
| Curcio Webb LLC | $13,543 reported compensation |
| Empower Annuity Ins Co of America | $1,760 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160351NAL0008442785001, received 2025-10-10, EIN 99-0042880, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.