Retirement plan

HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN

Name: HOPE HOUSE FOUNDATION, INC. - HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HOPE HOUSE FOUNDATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN, HOPE HOUSE FOUNDATION, INC.

HOPE HOUSE FOUNDATION, INC.EIN 54-0804383Plan #002PY 2020

801 BOUSH STREET, SUITE 302 - NORFOLK, VA 23510757-625-6161hope-house.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$7.1M

-4.5% from 2019

Total participants

207

+2.0% from 2019

Average account balance

$35,892

-6.4% from 2019

Annual return

5.59%

-0.71 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.53M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

191

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.

82.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 · EIN 13-2638166 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$19,378
BDO USA, LLP2 years Service code 13 · EIN 13-5381590 150 BOUSH ST STE 1100 · NORFOLK, VA 23510	Contract Administrator	$16,436
COLBY & COMPANY PLC1 year Service code 99 · EIN 54-1391989 2121 OLD GREENBRIER RD · CHESAPEAKE, VA 23320	Other Fees	$8,200
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 · EIN 20-3691658 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$5,697

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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).
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).
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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$133 / participant

Contract admin$24K100.0%

% of EOY assets

0.344%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COLBY & COMPANY, PLC
Auditor EIN: 541391989
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,892

$58,888-39.1%

$178,498-79.9%

$73,493-51.2%

Participation rate

94.5%

66.2%+28.3pp

81.9%+12.6pp

70.7%+23.9pp

Annual return

5.59%

24.86%-19.3pp

151.09%-145.5pp

28.51%-22.9pp

Employer contribution / active EE

$2,625

$2,236+17.4%

$5,011-47.6%

$2,270+15.6%

Participant deferral / active EE

$736

$2,568-71.3%

$5,202-85.9%

$3,740-80.3%

Admin fee / account holder

$124

$400-69.1%

$13,985-99.1%

$513-75.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27 · EIN 13-2638166

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$19,378

BDO USA, LLP2 years

Service code 13 · EIN 13-5381590

150 BOUSH ST STE 1100 · NORFOLK, VA 23510

Contract Administrator

$16,436

COLBY & COMPANY PLC1 year

Service code 99 · EIN 54-1391989

2121 OLD GREENBRIER RD · CHESAPEAKE, VA 23320

Other Fees

$8,200

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64 · EIN 20-3691658

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$5,697

HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING 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