Hope House Foundation, Inc.401(k)
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN · NORFOLK, VA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Hope House Foundation, Inc. reported $58,691 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $2,621 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,494th of 2,266), and the 5,868th of 11,911 in health care & social assistance. In 2024, the employer put in $2.92 for every $1.00 employees contributed themselves; active participation has grown from 172 to 190 since 2022.
Hope House Foundation, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 540804383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.