Plan Snapshot
- Plan Sponsor: Hope Gas, INC.
- Sponsor EIN: 550196830
- Sponsor Address: 48 COLUMBIA BLVD., CLARKSBURG, WV, 26301
- Plan Type: 401(k)
- Total Participants: 564
- Total Assets: $38.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 564 | $38.3M | $3.2M | $4.3M |
| 2023 | 449 | $27.5M | $2.3M | $3.2M |
| 2022 | 361 | $18.3M | $556,582 | $795,835 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Recordkeeper | $126,638 | — | $126,638 |
| GALLAGHER BENEFIT SERVICES INC | Investment Advisor | — | $65,674 | $65,674 |
| BAKER TILLY US, LLP | Other Service Provider | $27,300 | — | $27,300 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $10,432 | — | $10,432 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $230,044
- Estimated Expense Ratio: 0.601% 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 | $164,370 | $8,082 | $127,038 | — | — |
| 2023 | $87,289 | $3,041 | $82,298 | — | — |
| 2022 | $13,464 | — | — | — | — |