# Purpose Home Health 401(k) Plan
Source: https://planprovider.pro/companies/purpose-home-health-401k-plan

> Purpose Home Health's 401(k) plan: 2,963 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [SHEPHERD FINANCIAL INVEST. ADVISORY](https://planprovider.pro/provider/shepherd-financial-investment-advisory-llc) — INVESTMENT/FINANC IAL A

- [BLUE & CO., LLC](https://planprovider.pro/provider/blue-and-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|—|—|—|—|

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