Plan Ledger DOL Form 5500 · updated monthly

Hope Haven, Inc.403(b)

HOPE HAVEN, INC. 403(B) RETIREMENT PLAN · ROCK VALLEY, IA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Hope Haven, Inc. reported $140,428 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,676 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 rose from 0.32% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 340th-largest of 878 plans among Iowa employers on file, and the 3,065th of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,179,460
Participants with balances399
Active participants698
Employer contributions$1,170,154
Employee contributions$1,245,975
Employer contribution per active participant$1,676
Average account balance$65,613
Benefits paid to participants$2,625,097
Plan auditUnmodified (clean) audit opinion
AuditorKROESE AND KROESE
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 399 accts · $1.2M emplr
2023$23.1M · 402 accts · $917K emplr
2022$19.6M · 435 accts · $989K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,537
Investment management$110,891
Total administrative$140,428
The Hope Haven, Inc. 401(k) match · 2024
Employer contribution per active participant$1,676
Median for plans this size$2,416
2024$1,676 per active participant
2023$1,358 per active participant
2022$1,436 per active participant

Hope Haven, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
AMERICAN TRUST COMPANY · Recordkeeping · Consulting$29,537
PEOPLES BANK · Trustee · Investment advisory (plan)$110,891

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY
2023AMERICAN TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$140,428 · 0.57%
2023$118,291 · 0.55%
2022$66,658 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Community Health Care, Inc IA$27.9M · 0.01%
Abcm Corporation IA$26.4M · 0.58%
Lifeserve Blood Center IA$22.7M · 0.38%
Shenandoah Medical Center IA$21.0M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420890017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.