BANK OF HAWAII CORP 401(k): Vanguard, match 4% max
Bank of Hawaii Retirement Savings Plan · BOH · CIK 46195
Vanguard is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
4%
BANK OF HAWAII CORP matches 125% of the first 2% of pay, then 50% of the next 3% of pay, for a maximum employer match of 4% of pay.
From the Form 11-K filed June 23, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What BANK OF HAWAII puts in, and what the plan costs
What BANK OF HAWAII put into the plan, per active participant
$3,886
BANK OF HAWAII CORP put $3,886 into this plan for each of its 1,861 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
BANK OF HAWAII put in more per active participant than 58% of plans with 1,000–4,999 participants at banks and lenders. The middle plan in that group of 245 reported $3,422. Banks and lenders comes from business code 522110, which BANK OF HAWAII entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much BANK OF HAWAII pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 990033900, plan 002 · DOL EFAST2 ↗
The $3,886 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. BANK OF HAWAII CORP also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,980 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What BANK OF HAWAII puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company makes matching contributions on behalf of participants equal to $1.25 for each $1.00 contributed by participants, up to 2% of the participants’ eligible compensation, and $0.50 for every $1.00 contributed by participants over 2%, up to 5% of the participants’ eligible compensation.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Under current Plan provisions, participants are immediately vested in their accounts.”
A worker hired today collects no match for 1 year. This is a filed term, and it does not move the score above.
Eligibility, word for word
“The Plan is a defined contribution plan for employees of Bank of Hawaii Corporation, and certain of its subsidiaries (collectively, the “Company”) who have at least 60 days of service. In addition, the Company provides matching contributions after completion of 12 months of service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
92nd percentile
$194.43 per participant in plan-paid administrative cost, more expensive than 92% of plans with 1,000–4,999 participants.
What is BANK OF HAWAII's 401(k) match formula?
BANK OF HAWAII's 401(k) employer match tops out at 4% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 125% of the first 2% of pay |
|---|---|
| then | 50% of the next 3% of pay |
| Maximum employer match | 4% of compensation |
| Other employer contribution | A 3% fixed contribution and a discretionary value-sharing contribution, that is linked to the Company’s financial goals, are made regardless of whether the participating employee contributes to the Plan and are invested in accordance with the participant’s selection of investment options available under the Plan. For the years ended December 31, 2025 and 2024, value-sharing contributions were approximately $1,111,000 and $881,000, respectively. |
At a $90,000 salary, contributing 5% ($4,500) earns the full employer match of $3,600 for the year.
What the filing says, word for word
“The Company makes matching contributions on behalf of participants equal to $1.25 for each $1.00 contributed by participants, up to 2% of the participants’ eligible compensation, and $0.50 for every $1.00 contributed by participants over 2%, up to 5% of the participants’ eligible compensation.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is BANK OF HAWAII's 401(k) vesting schedule?
BANK OF HAWAII vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Under current Plan provisions, participants are immediately vested in their accounts. |
Vesting, word for word
“Under current Plan provisions, participants are immediately vested in their accounts.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
Who can join BANK OF HAWAII's 401(k), and is enrollment automatic?
BANK OF HAWAII's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | The Plan is a defined contribution plan for employees of Bank of Hawaii Corporation, and certain of its subsidiaries (collectively, the “Company”) who have at least 60 days of service. |
|---|---|
| Match eligibility | In addition, the Company provides matching contributions after completion of 12 months of service. |
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“The Plan is a defined contribution plan for employees of Bank of Hawaii Corporation, and certain of its subsidiaries (collectively, the “Company”) who have at least 60 days of service. In addition, the Company provides matching contributions after completion of 12 months of service.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Vanguard, filed as “THE VANGUARD GROUP, INC.”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
2,337 plans on file name Vanguard as their recordkeeper. Of those, the 2,333 with a computable fee have a median plan-paid cost of $97.87 per participant.
Participants log in at Vanguard ↗. 401(k) Monitor is not affiliated with Vanguard or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Vanguard |
|---|---|
| Recordkeeper EIN | 231945930 |
What does the BANK OF HAWAII plan report on Form 5500?
The BANK OF HAWAII plan reported $819.9M in assets and 3,173 participants for plan year 2024.
| Total plan assets | $819,916,775 |
|---|---|
| Participants | 3,173 |
| Plan-paid admin cost per participant | $194.43 |
How that cost compares
This plan pays $194.43 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Bank Of Hawaii Retirement Savings Plan, which has no page of its own here.
How does BANK OF HAWAII's 401(k) match compare?
BANK OF HAWAII CORP's maximum 401(k) match of 4% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 4% of pay. Also at banks and lenders.
Maximum match 3.5% of pay. Also at banks and lenders.
Maximum match 3.5% of pay. Same recordkeeper, Vanguard.
Maximum match 4% of pay. Same recordkeeper, Vanguard.
Maximum match 5% of pay. Vests immediately too, like BANK OF HAWAII.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 23, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is BANK OF HAWAII CORP's 401(k) match?
Bank of Hawaii Corporation matches 125% of the first 2% of pay, then 50% of the next 3% of pay, for a maximum employer match of 4% of compensation (plan year ended December 31, 2025).
When does the BANK OF HAWAII CORP 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does BANK OF HAWAII CORP's 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Who is the recordkeeper for BANK OF HAWAII CORP's 401(k)?
Vanguard is named as the recordkeeper on the Form 5500 filed for Bank Of Hawaii Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that BANK OF HAWAII CORP filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | BANK OF HAWAII CORP |
| SEC CIK | 46195 |
| Accession number | 0000046195-26-000049 |
| Plan | Bank of Hawaii Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 23, 2026 |
401(k) Monitor is not affiliated with BANK OF HAWAII CORP, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “BANK OF HAWAII CORP 401(k) plan facts”, from SEC Form 11-K accession 0000046195-26-000049, plan year ended December 31, 2025.
