# Hopeful Journeys Educational Center, INC 401(k) Plan
Source: https://planprovider.pro/companies/hopeful-journeys-educational-center-inc-800457637-001

> Hopeful Journeys Educational Center, INC's 401(k) plan: 132 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sentinel-group) — 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|—|—|

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