# Hope Academy, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hope-academy-inc-401k-plan

> Hope Academy, INC.'s 401(k) plan: 127 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hope Academy, INC.

- **Sponsor EIN:** 411962874

- **Sponsor Address:** 710 E 24TH ST, MINNEAPOLIS, MN, 55404

- **Plan Type:** 401(k)

- **Total Participants:** 127

- **Total Assets:** $2.6M

## 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|127|$2.6M|$239,515|$563,988|

| 2023|133|$1.6M|$197,390|$423,445|

| 2022|119|$957,970|$258,690|$296,329|

## 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|

| HD VEST|INVESTMENT/FINANCIAL ADVI|$5,040|—|$5,040|

| BOYUM AND BARENSCHEER , LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HD VEST](https://planprovider.pro/provider/avantax-advisory-services) — INVESTMENT/FINANCIAL ADVI

- [BOYUM AND BARENSCHEER , LLP](https://planprovider.pro/provider/boyum-and-barenscheer-pllp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $5,040

- **Estimated Expense Ratio:** 0.197% 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|$8,114|$5,040|—|—|—|

| 2023|—|—|—|—|—|

| 2022|—|—|—|—|—|

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