Plan Snapshot
- Plan Sponsor: Great Hearts America
- Sponsor EIN: 202036133
- Sponsor Address: 701 N 44TH STREET, PHOENIX, AZ, 85008
- Plan Type: 401(k)
- Total Participants: 2,812
- Total Assets: $50.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 2,812 | $50.1M | $1.1M | $6.1M |
| 2023 | 3,247 | $40.3M | $1.3M | $4.8M |
| 2022 | 2,496 | $30.6M | $1.2M | $4.7M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $195,536 | — | $195,536 |
| FESTER & CHAPMAN, P.C | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FESTER & CHAPMAN, P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,536
- Estimated Expense Ratio: 0.391% 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 |
|---|---|---|---|---|---|
| 2024 | $195,536 | — | $195,536 | — | — |
| 2023 | $170,822 | — | $164,452 | — | — |
| 2022 | $208,820 | — | $196,665 | — | $12,155 |