Plan Snapshot
- Plan Sponsor: Hopeful Journeys Educational Center, INC
- Sponsor EIN: 800457637
- Sponsor Address: 28 TOZER ROAD, BEVERLY, MA, 01915
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $6.1M
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. |
|---|---|---|---|---|
| 2025 | 132 | $6.1M | $0 | $0 |
| 2024 | 132 | $5.0M | $0 | $0 |
| 2023 | 138 | $3.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| LEONARD, MULHERIN & GREENE, P.C. | 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 |
|---|---|---|---|---|---|
| 2025 | $44,682 | $24,372 | $20,310 | — | — |
| 2024 | $39,263 | $21,194 | $18,069 | — | — |
| 2023 | $32,931 | $15,892 | $17,039 | — | — |