Plan Snapshot
- Plan Sponsor: Central Pacific Financial Corp.
- Sponsor EIN: 990212597
- Sponsor Address: P.O. BOX 3590, HONOLULU, HI, 968113590
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 1,301
- Total Assets: $211.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,301 | $211.2M | $0 | $0 |
| 2024 | 670 | $188.3M | $2.3M | $5.5M |
| 2023 | 693 | $171.5M | $2.4M | $5.6M |
| 2022 | 697 | $148.8M | $2.4M | $5.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $63,786 | — | $63,786 |
| VANGUARD ADVISERS INC. | Other Service Provider | $24,613 | — | $24,613 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,399
- Estimated Expense Ratio: 0.042% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $18,610,948 | — | — | — | — |
| 2024 | $84,150 | — | — | — | — |
| 2023 | $121,078 | — | — | — | — |
| 2022 | $137,090 | — | — | — | — |