Hope Leasing401(k)
HOPE LEASING 401(K) PLAN · EL PASO, TX · plan year 2024
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Hope Leasing reported $54,814 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $356 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 0.72% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Texas (3,536th of 5,688), and 1,369th of 2,677 in transportation & warehousing. In 2024, employees put in $6.55 for every $1.00 the employer contributed.
Hope Leasing's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.
This plan has changed recordkeepers within these filings. If you left Hope Leasing 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).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 742431550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.