Plan Snapshot
- Plan Sponsor: Hopeful Journeys Educational Center, INC
- Sponsor EIN: 800457637
- Sponsor Address: 28 TOZER ROAD, BEVERLY, MA, 01915
- Plan Type: 401(k)
- Plan Number: 001
- 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. |
|---|---|---|---|---|
| 2024 | 132 | $6.1M | $370,786 | $394,925 |
| 2023 | 132 | $5.0M | $350,545 | $360,447 |
| 2022 | 138 | $3.9M | $310,591 | $335,208 |
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 |
|---|---|---|---|---|
| AFFINITY INVESTMENT GROUP LLC | Investment Advisor | $12,186 | $982 | $13,168 |
| KESTRA ADVISORY SERVICES | Investment Advisor | $12,186 | — | $12,186 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,354
- Estimated Expense Ratio: 0.412% 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 | $44,682 | $24,372 | $20,310 | — | — |
| 2023 | $39,263 | $21,194 | $18,069 | — | — |
| 2022 | $32,931 | $15,892 | $17,039 | — | — |