Plan Snapshot
- Plan Sponsor: Purpose Home Health
- Sponsor EIN: 453772548
- Sponsor Address: 5455 HARRISON PARK LN, INDIANAPOLIS, IN, 46216
- Plan Type: 401(k)
- Total Participants: 2,963
- Total Assets: $9.4M
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 | 2,963 | $9.4M | $293,928 | $1.7M |
| 2023 | 2,140 | $6.1M | $144,270 | $910,784 |
| 2022 | 225 | $1.0M | $134,489 | $262,189 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $46,348 | — | $46,348 |
| SHEPHERD FINANCIAL INVEST. ADVISORY | INVESTMENT/FINANC IAL A | $30,288 | — | $30,288 |
| BLUE & CO., LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- SHEPHERD FINANCIAL INVEST. ADVISORY — INVESTMENT/FINANC IAL A
- BLUE & CO., LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,636
- Estimated Expense Ratio: 0.820% 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 | $76,636 | $63,409 | — | — | — |
| 2023 | $22,416 | $16,083 | — | — | — |
| 2022 | $8,413 | — | — | — | — |