Home, Hope and Healing, Inc.401(k)
HOME, HOPE AND HEALING, INC. RETIREMENT PLAN · SMITHFIELD, ME · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Home, Hope and Healing, Inc. reported $10,637 in plan administrative expenses for 2022: 0.50% of average plan assets, above the peer median. Employer contributions averaged $1,482 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maine (316th of 354), and 9,985th of 11,911 in health care & social assistance. In 2022, employees put in $2.28 for every $1.00 the employer contributed.
Home, Hope and Healing, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 061671860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.