Hawaiian Airlines Inc. 401(k) Review & Grade
Hawaiian Airlines, Inc. 401(k) Savings Plan
Honolulu, HITransportation & Warehousing4,162 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,883Employer $ per active participant
$5,496Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$528.7MNet plan assets, end of year
$121,041Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 93th |
| Employee saving | 65th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,613 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hawaiian Airlines put in about $3,883 per active participant, more than the typical peer ($1,834). 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 | $16,161,670 |
| Participant (employee) contributions | $22,875,841 |
| Other contributions (incl. rollovers in) | $1,409,495 |
| Administrative expenses paid from the plan | $120,115 |
| Investment advisory & management fees | $111,565 |
| Benefits paid out | $45,025,549 |
| Net assets, start / end of year | $466.7M / $528.7M |
| Active participants, start / end of year | 4,175 / 4,150 |
| Participants with account balances | 4,368 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $95,712 reported compensation |
| Curcio Webb LLC | $15,853 reported compensation |
| Empower Annuity Ins Co of America | $8,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160133NAL0004395203001, received 2025-10-10, EIN 99-0042880, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.