Retirement plan

HOPE HOUSE, INC. RETIREMENT PLAN

Name: HOPE HOUSE, INC. - HOPE HOUSE, INC. RETIREMENT PLAN (2023) Form 5500
Creator: HOPE HOUSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE HOUSE, INC. RETIREMENT PLAN, HOPE HOUSE, INC.

HOPE HOUSE, INC.EIN 14-6050436Plan #002PY 2023

573 LIVINGSTON AVENUE - ALBANY, NY 12206518-482-4673hopehouseinc.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.6M

+23.0% from 2022

Total participants

151

+16.2% from 2022

Average account balance

$12,613

+5.4% from 2022

Annual return

13.66%

+28.00 pp from 2022

Benchmarks

See 9,822 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,822 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$13K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

143

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

67.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$201K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.99%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$99

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLENS FALLS NATIONAL BANK AND TRUST4 years Service code 15 250 GLEN STREET · GLENS FALLS, NY 12801	Recordkeeping	$8,218
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2H2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$8K

$92 / participant

Recordkeeping$8K100.0%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MENGEL, METZGER, BARR & CO. LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,613

$57,285-78.0%

$86,605-85.4%

$75,173-83.2%

Participation rate

71.9%

63.2%+8.7pp

71.7%+0.2pp

67.2%+4.7pp

Annual return

13.66%

2671.04%-2657.4pp

591.39%-577.7pp

160.65%-147.0pp

Employer contribution / active EE

$1,366

$2,315-41.0%

$3,023-54.8%

$2,670-48.8%

Participant deferral / active EE

$928

$3,318-72.0%

$4,438-79.1%

$4,126-77.5%

Admin fee / account holder

$65

$4,112-98.4%

$5,611-98.8%

$5,651-98.8%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST4 years

Service code 15

250 GLEN STREET · GLENS FALLS, NY 12801

Recordkeeping

$8,218

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

HOPE HOUSE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE HOUSE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion