Plan Ledger DOL Form 5500 · updated monthly

Hope Christian Schools, Inc.403(b)

HOPE CHRISTIAN SCHOOLS, INC. 403(B) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.30%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Hope Christian Schools, Inc. reported $15,716 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $887 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.

Across the 2 years on file its reported administrative ratio fell from 1.28% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Mexico (184th of 290), and 2,453rd of 3,091 in educational services. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,694,579
Participants with balances128
Active participants172
Employer contributions$152,645
Employee contributions$322,501
Employer contribution per active participant$887
Average account balance$44,489
Benefits paid to participants$206,585
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 128 accts · $153K emplr
2023$4.9M · 129 accts · $152K emplr
2022$4.5M · 136 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,716
Total administrative$15,716
Employer contributions to the Hope Christian Schools, Inc. plan · 2024
Employer contribution per active participant$887
Median for plans this size$1,313
2024$887 per active participant
2023$970 per active participant
2022$853 per active participant

Hope Christian Schools, Inc.'s 2024 employer contribution ran below the $1,313 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
NATIONWIDE · Recordkeeping · Custodial (securities)$20,385
PROACCOUNT · Recordkeeping · Custodial (securities)$13,315
NATIONWIDE LIFE INSURANCE CO. · Contract administrator · Recordkeeping$546
IRON FIDUCIARY · Investment advisory (participants)$2,730
PATTISON PENSION SPECIALISTS, INC. · Accounting / audit · Pension consulting$222
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Nationwide, PROACCOUNT
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Hope Christian Schools, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$15,716 · 0.30%
2023$58,486 · 1.25%
2022$60,215 · 1.28%
Similar plansEducational Services · New Mexico
Bosque School NM$11.8M · 0.50%
Navajo Technical University NM$11.4M · 0.98%
Jumpstart LLC NM$1.2M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850244670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.