Retirement plan

HOPE NETWORK EMPLOYEE 403(B) PLAN

Name: HOPE NETWORK - HOPE NETWORK EMPLOYEE 403(B) PLAN (2020) Form 5500
Creator: HOPE NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE NETWORK EMPLOYEE 403(B) PLAN, HOPE NETWORK

HOPE NETWORKEIN 38-6108186Plan #002PY 2020

3075 ORCHARD VISTA DRIVE SE - GRAND RAPIDS, MI 49546616-430-9368hopenetwork.orgLinkedIn1001-5000 employeesindividual & family services

Other plans on this EIN

1 filing

#001Retirement-$495K assets

Prospect flagsLow participationLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed March 2, 2026

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

3075 Orchard Vista Dr. SE

Grand Rapids, MI 49546

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (1)

Hope Network 457(f) Plan1 emp

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How to read this page

Total assets (EOY)

$45M

+22.9% from 2019

Total participants

5,905

+7.4% from 2019

Average account balance

$17,470

+21.5% from 2019

Annual return

21.33%

-3.62 pp from 2019

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$54.58M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

3,129

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.

42.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.06M

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$117,365
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 17 · EIN 61-1732930	Pension Consulting	$7,247

Plan features & details

Pension benefit codes2A2F2G2L2M2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$26 / participant

Investment mgmt$7K5.8%
Contract admin$117K94.2%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BEENE GARTER LLP
Auditor EIN: 381337372
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,470

$56,095-68.9%

$178,490-90.2%

$90,288-80.7%

Participation rate

29.3%

65.6%-36.3pp

81.9%-52.7pp

73.4%-44.1pp

Annual return

21.33%

28.81%-7.5pp

151.07%-129.7pp

53.97%-32.6pp

Employer contribution / active EE

$351

$1,572-77.7%

$5,011-93.0%

$2,524-86.1%

Participant deferral / active EE

$479

$2,669-82.0%

$5,202-90.8%

$4,232-88.7%

Admin fee / account holder

$48

$101-52.0%

$13,984-99.7%

$114-57.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$117,365

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 17 · EIN 61-1732930

Pension Consulting

$7,247

HOPE NETWORK EMPLOYEE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE NETWORK EMPLOYEE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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