HRS §383-64
Employer accounts and what happens to old ones
The state keeps a separate account for each employer and adds the employer's payments to it. Employers and their workers have no claim to that money. If an employer stops paying for five straight years, the account becomes void and can be destroyed, and the employer loses any right to the money.
employers
The statute, as written — Credits for contributions; destruction of employer accounts and records
(a) The director shall maintain a separate account for each employer and shall credit the employer's account with all the contributions paid by the employer as of the date of payment. Nothing in this chapter shall be construed to grant any employer or individual in the employer's service prior claims or rights to the amounts paid by the employer into the fund. (b) If an employer's account becomes inactive because services constituting employment are no longer performed for the employer and the account remains inactive for five consecutive calendar years, the account shall become void and may be destroyed, and, notwithstanding any provision to the contrary, the employer shall have no claim or right to the contributions credited to the account.
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