Retirement plan

HOPE LEASING 401(K) PLAN

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

HOPE LEASINGdba HOPE ADMINISTRATIVE SERVICESEIN 74-2431550Plan #002PY 2020

4105 RIO BRAVO, SUITE 100 - EL PASO, TX 79902915-615-0827LinkedIn201-500 employeespackage/freight delivery

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$5.2M

+16.3% from 2019

Total participants

309

+8.4% from 2019

Average account balance

$18,310

+8.9% from 2019

Annual return

11.94%

-8.24 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.35M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

338

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.

86.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$480K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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 3 by compensation

Provider	Service type	Compensation
J BEAVER INVESTMENT ADVISORS1 year Service code 27 200 BARTLETT DR · EL PASO, TX 79912	Advisory (Plan)	$21,120
EPIC RETIREMENT PLAN SERVICES6+ years Filed as: AUSTIN CAPITAL RETIREMENT PLAN SERV Service code 15 1601 ELM STREET · DALLAS, TX 75201	Recordkeeping	$12,627
LT TRUST COMPANY1 year Filed as: MG TRUST COMPANY Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$193 / participant

Investment mgmt$21K62.5%
Contract admin$13K37.5%

% of EOY assets

0.652%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GIBSON RUDDOCK PATTERSON LLC
Auditor EIN: 261159690
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,310

$55,636-67.1%

$81,982-77.7%

$73,497-75.1%

Participation rate

85.1%

62.3%+22.8pp

69.3%+15.9pp

70.7%+14.5pp

Annual return

11.94%

19.07%-7.1pp

41.31%-29.4pp

28.51%-16.6pp

Employer contribution / active EE

$247

$1,625-84.8%

$2,498-90.1%

$2,270-89.1%

Participant deferral / active EE

$1,634

$2,762-40.8%

$3,722-56.1%

$3,740-56.3%

Admin fee / account holder

$119

$493-75.8%

$5,665-97.9%

$513-76.7%

Provider

Service type

Compensation

J BEAVER INVESTMENT ADVISORS1 year

Service code 27

200 BARTLETT DR · EL PASO, TX 79912

Advisory (Plan)

$21,120

EPIC RETIREMENT PLAN SERVICES6+ years

Filed as: AUSTIN CAPITAL RETIREMENT PLAN SERV

Service code 15

1601 ELM STREET · DALLAS, TX 75201

Recordkeeping

$12,627

LT TRUST COMPANY1 year

Filed as: MG TRUST COMPANY

Service code 19

Securities Custodian

HOPE LEASING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOPE LEASING 401(K) 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