State retirement profile · Form 5500

Retirement Plans in Hawaii

According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in Hawaii report the totals below.

Data updated 2026-08-25

517
Plans
$29.2B
Total assets
#42
By assets

$29.2B across 517 plans

According to DOL Form 5500 filings (plan year 2024), Hawaii has 517 employer-sponsored retirement plans holding $29.2B in total assets for 196,594 participants, ranking 42nd nationally by plan assets, with 61% structured as 401(k)s and an average of $56M per plan.

  • 42nd nationally by plan assets
  • 61% 401(k) plans

The state in one line

Hawaii hosts 517 employer-sponsored retirement plans holding $29.2B for 196,594 participants, the 42nd-largest state by plan assets.

$29.2B
total plan assets
517
employer plans
$148,286
avg assets per participant
61%
of plans are 401(k)s
401(k) Plans
313
Participants
196,594

What the Form 5500 Data Shows for Hawaii

Hawaii: 517 employer-sponsored plans (313 401(k)), $29.2B aggregate assets, 196,594 participants. Average plan: $56M; largest is The Queen's Health Systems Retirement Savings Plan at $2.0B. Leading sector by assets: Healthcare & Social Assistance (19%). These figures aggregate the 517 Form 5500 filings Hawaii sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Hawaii can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Healthcare & Social Assistance leads Hawaii plan assets (19%)

Among plans headquartered here, Healthcare & Social Assistance accounts for $5.6B across 99 filings, ahead of Construction at $4.9B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.

DOL Form 5500 plan year 2024

Hawaii still carries a measurable defined-benefit footprint

52 defined-benefit / pension filings (10% of plans here) hold $8.8B. That share is high enough to keep pension-vs-401(k) comparisons useful for this state, not just national averages.

DOL Form 5500 plan year 2024

Where Hawaii sits in the Form 5500 corpus

Hawaii is a smaller Form 5500 host by plan assets (#42 of 56). A single large sponsor can move the state total; read the largest-plan share before treating the average as typical.

DOL Form 5500 plan year 2024

Hawaii's place in the national asset distribution

All states with reported Form 5500 plan assets · plan year 2024

$29,152,200,519 27th percentile higher than 27% of 56 states with reported plan assets

Hawaii $0 $1,324,371,844,360 state retirement-plan assets, bucketed by value

Dashed line + filled bar = this entry, among states with reported plan assets.

Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024

Hawaii's retirement-plan mix

1. 401(k)3132. Profit Sharing593. ESOP544. Defined Benefit (Pension)525. Other23
The five most common Form 5500 plan types among sponsors headquartered in Hawaii. This count describes filings, not participants or assets.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.

Industry mix in Hawaii

Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).

Industry Plans Assets
Healthcare & Social Assistance 99 $5.6B
Construction 66 $4.9B
Finance & Insurance 42 $4.4B
Transportation & Warehousing 24 $3.1B
Management of Enterprises 2 $2.7B

Largest Plans in Hawaii

# Plan Name Type Participants Total Assets
1 The Queen's Health Systems Retirement Savings Plan 401(k) 9,096 $2.0B
2 Retirement Plan for Employees of Hawaiian Electric Industries, Inc. and Participating Subsidiaries Defined Benefit (Pension) 2,268 $1.9B
3 Hawai'i Pacific Health 403(b) Savings Plan Other 7,386 $1.5B
4 Bank of Hawaii Retirement Savings Plan 401(k) 1,895 $820M
5 Hawaiian Electric Industries Retirement Savings Plan 401(k) 2,732 $781M
6 Hotel Union and Hotel Industry of Hawaii Pension Plan Defined Benefit (Pension) 7,636 $763M
7 Hawaiian Airlines, Inc. Pilots' 401(k) Plan 401(k) 1,140 $696M
8 Hawaii Carpenters Financial Security Fund Money Purchase 4,066 $662M
9 Kamehameha Schools 401(k) Retirement Savings Plan 401(k) 2,514 $653M
10 Pamcah-Ua Local 675 Pension Plan Defined Benefit (Pension) 1,532 $622M
11 Hawaiian Airlines, Inc. 401(k) Savings Plan 401(k) 4,175 $529M
12 Hawaii Medical Service Association Employee Thrift Plan 401(k) 1,291 $480M
13 The Queen's Health Systems Pension Plan Defined Benefit (Pension) 4,992 $468M
14 Hawaiian Airlines, Inc. 401(k) Plan for Flight Attendants 401(k) 2,223 $460M
15 First Hawaiian, Inc. 401(k) Savings Plan 401(k) 2,107 $456M
16 Hawaii Electricians Annuity Plan Profit Sharing 2,222 $438M
17 Hawaii Pacific Health Retirement Plan Defined Benefit (Pension) 5,658 $430M
18 Hawaii Longshore Pension Plan Defined Benefit (Pension) 815 $430M
19 Hawaii Laborers' Pension Trust Fund Defined Benefit (Pension) 2,381 $426M
20 Proservice Hawaii 401(k) Plan 401(k) 12,924 $413M
21 Hawaii Electricians Pension Plan Defined Benefit (Pension) 1,543 $391M
22 Pamcah-Ua Local 675 Annuity Plan Money Purchase 1,504 $383M
23 Punahou School Defined Contribution Retirement Plan Other 1,542 $326M
24 Hotel Industry-Ilwu Pension Plan Defined Benefit (Pension) 6,992 $319M
25 Hawaii Sheet Metal Workers Pension Fund Defined Benefit (Pension) 455 $316M

Nearby States by Retirement Plan Footprint

States ranked adjacent to Hawaii by total retirement plan assets.

Compare Hawaii side-by-side with 3 peer states →

Nationwide states with similar retirement plan scale

Two DOL Form 5500-derived peer sets for Hawaii, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).

Similar plan count

Nearest other states by reported employer plan filings (517 here).

Mississippi 521 plans Maine 561 plans New Mexico 466 plans Rhode Island 434 plans

Similar total assets

Nearest other states by aggregate plan assets ($29.2B here).

Nevada $31.1B Idaho $31.4B New Hampshire $25.5B North Dakota $21.5B

Frequently Asked Questions

What is the largest retirement plan headquartered in Hawaii? ▼
The largest Form 5500 filing by assets with a headquarters address in Hawaii is The Queen's Health Systems Retirement Savings Plan ($2.0B, 9,096 participants).
Which industry leads Hawaii retirement plan assets? ▼
Healthcare & Social Assistance leads with $5.6B across 99 plans headquartered here (19% of state plan assets).
How does Hawaii compare to other states for retirement plans? ▼
Hawaii is a smaller Form 5500 host by plan assets (#42 of 56). A single large sponsor can move the state total; read the largest-plan share before treating the average as typical.

Next read for Hawaii

Industry-mix reading

Ways to act on Hawaii's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Hawaii, out of 130,145 ERISA-covered plans nationally. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.