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Central Pacific Financial 401(k) retirement plan: the investment options

Does your 401(k) vote the way you would? Hartford Schroders US Small Cap Opportunities Fund is the largest fund in the Central Pacific Financial plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.

The question on the ballot

As filed

Central Pacific Financial 401(k) match and balances, from the filing

Company money in
about $3,470 per active participant
$2m in plan year 2024
Employees saved
about $8,180 each
$5m in plan year 2024
Average balance
$144,500
1,303 people with a balance
In the plan
$188m
at the end of plan year 2024

Company money is the match plus any other employer contributions, averaged over all 670 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.

SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by CENTRAL PACIFIC FINANCIAL CORP. as “CENTRAL PACIFIC BANK 401(K) RETIREMENT SAVINGS PLAN” · EIN 990212597, plan number 003 · search the filings

This is the only fund in the Central Pacific Financial retirement plan whose voting record we can trace, taken from the plan’s own annual filing. The figures show what it did with shareholder proposals.

SourceThe fund menu is the list of investments in Central Pacific Financial’s own annual retirement-plan filing · open the filing

FundClimateWorkersPay equityExec pay backed
Hartford Schroders US Small Cap Opportunities Fund listed as “Hartford Schroders U.S. Small Cap Opportunities Fund” —— —70.7%

What this means for you

Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.

Vote the full deck for this plan’s fund →

Other employer plans

The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.

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