Plan Snapshot
- Plan Sponsor: Hope Health Systems INC.
- Sponsor EIN: 522204645
- Sponsor Address: 6707 WHITESTONE ROAD, SUITE 106, WOODLAWN, MD, 21207
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $1.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 122 | $1.4M | $0 | $108,407 |
| 2023 | 113 | $1.3M | $0 | $170,637 |
| 2022 | 126 | $1.1M | $1,320 | $181,945 |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $12,733 | — | $8,643 | — | — |
| 2023 | $20,868 | — | — | — | — |
| 2022 | $15,847 | — | $15,847 | — | — |