Plan Snapshot
- Plan Sponsor: Hope Network
- Sponsor EIN: 386108186
- Sponsor Address: 3075 ORCHARD VISTA DRIVE SE, GRAND RAPIDS, MI, 495467069
- Plan Type: 403(b)
- Total Participants: 2,625
- Total Assets: $54.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 2,625 | $54.6M | $843,109 | $3.2M |
| 2023 | 1,786 | $49.1M | $665,136 | $2.8M |
| 2022 | 2,490 | $41.9M | $667,979 | $2.7M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $186,802 | — | $186,802 |
| ENVESTNET RETIREMENT SOLUTIONS, LLC | INVESTMENT ADVISORY | $16,265 | — | $16,265 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- ENVESTNET RETIREMENT SOLUTIONS, LLC — INVESTMENT ADVISORY
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,067
- Estimated Expense Ratio: 0.372% 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 | $189,609 | $16,265 | $173,344 | — | — |
| 2023 | $180,407 | $25,782 | $154,625 | — | — |
| 2022 | $250,640 | $13,759 | $236,881 | — | — |