Plan Snapshot
- Plan Sponsor: Hopehealth, INC.
- Sponsor EIN: 570984427
- Sponsor Address: PO BOX 653, FLORENCE, SC, 29503
- Plan Type: 401(k)
- Total Participants: 640
- Total Assets: $32.7M
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 | 640 | $32.7M | $2.6M | $2.2M |
| 2023 | 580 | $26.0M | $2.3M | $1.8M |
| 2022 | 523 | $20.0M | $1.9M | $1.7M |
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 |
|---|---|---|---|---|
| EDWARD D. JONES | RIA | $57,732 | — | $57,732 |
| JOHN HANCOCK LIFE INSURANCE CO. USA | RECORDKEEPER | $20,865 | — | $20,865 |
| WILSHIRE ASSOCIATES INC | RIA | $5,773 | — | $5,773 |
| THE HOBBS GROUP, PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE CO. USA — RECORDKEEPER
- WILSHIRE ASSOCIATES INC — RIA
- THE HOBBS GROUP, PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,370
- Estimated Expense Ratio: 0.258% 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 | $159,417 | $63,505 | $80,587 | — | — |
| 2023 | $119,884 | $48,424 | $62,340 | — | — |
| 2022 | $117,708 | $45,292 | $59,231 | — | $13,185 |