# Hope Network 403(b) Plan
Source: https://planprovider.pro/companies/hope-network-403b-plan

> Hope Network&#39;s 403(b) plan: 2,625 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — SERVICE PROVIDER

- [ENVESTNET RETIREMENT SOLUTIONS, LLC](https://planprovider.pro/provider/warner-norcross-judd-llp) — INVESTMENT ADVISORY

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/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|—|—|

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