Retirement plan

HOPE MEDIA GROUP 403(B) RETIREMENT PLAN

Name: HOPE MEDIA GROUP - HOPE MEDIA GROUP 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: HOPE MEDIA GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOPE MEDIA GROUP 403(B) RETIREMENT PLAN, HOPE MEDIA GROUP

HOPE MEDIA GROUPEIN 74-2162248Plan #001PY 2024

1722 TREBLE DRIVE - HUMBLE, TX 77338281-319-6926hopemediagroup.comLinkedIn201-500 employeesentertainment

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.7M

+10.5% from 2023

Total participants

235

-2.9% from 2023

Average account balance

$42,343

+17.8% from 2023

Annual return

14.68%

-7.67 pp from 2023

Benchmarks

See 2,059 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,059 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.75M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

183

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$428

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 1 by compensation

Provider	Service type	Compensation
ENVOY TPA AND RECORDKEEPING, INC.1 year Filed as: ENVOY TPA AND RECORDKEEPING, INC Service code 13 · EIN 84-3583603	Contract Administrator	$78,330

Plan features & details

Pension benefit codes2E2F2G2J2T

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).
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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$78K

$404 / participant

Salaries / allowances$78K100.0%

% of EOY assets

1.011%

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: CAPIN CROUSE
Auditor EIN: 363990892
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,343

$60,305-29.8%

$81,780-48.2%

$74,400-43.1%

Participation rate

73.2%

62.9%+10.3pp

72.4%+0.8pp

67.2%+6.0pp

Annual return

14.68%

16.89%-2.2pp

776.27%-761.6pp

1367.51%-1352.8pp

Employer contribution / active EE

$2,806

$2,623+7.0%

$2,914-3.7%

$2,624+6.9%

Participant deferral / active EE

$3,907

$3,390+15.3%

$4,321-9.6%

$4,348-10.1%

Admin fee / account holder

$428

$1,484-71.2%

$7,384-94.2%

$1,944-78.0%

Provider

Service type

Compensation

ENVOY TPA AND RECORDKEEPING, INC.1 year

Filed as: ENVOY TPA AND RECORDKEEPING, INC

Service code 13 · EIN 84-3583603

Contract Administrator

$78,330

HOPE MEDIA GROUP 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE MEDIA GROUP 403(B) 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