Plan Ledger DOL Form 5500 · updated monthly

Hospice of Hope Inc403(b)

THE SECTION 403(B) PLAN FOR HOSPICE OF HOPE, INC. · MAYSVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Hospice of Hope Inc reported $22,829 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $1,732 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 rose from 0.10% to 0.34%. 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 Kentucky (572nd of 871), and 6,894th of 11,911 in health care & social assistance. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,948,084
Participants with balances125
Active participants118
Employer contributions$204,376
Employee contributions$375,716
Employer contribution per active participant$1,732
Average account balance$55,585
Benefits paid to participants$822,715
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2024$6.9M · 125 accts · $204K emplr
2023$6.5M · 160 accts · $235K emplr
2022$5.6M · 163 accts · $194K emplr
2021$6.7M · 170 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,829
Total administrative$22,829
Employer contributions to the Hospice of Hope Inc plan · 2024
Employer contribution per active participant$1,732
Median for plans this size$1,313
2024$1,732 per active participant
2023$2,062 per active participant
2022$1,621 per active participant
2021$1,456 per active participant

Hospice of Hope Inc's 2024 employer contribution ran above 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,828
EDWARD JONES · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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.

Administrative cost history4
2024$22,829 · 0.34%
2023$5,380 · 0.09%
2022$7,047 · 0.11%
2021$6,566 · 0.10%
Similar plansHealth Care & Social Assistance · Kentucky
Gravity Diagnostics LLC KY$7.3M · 0.74%
Communicare, Inc KY$7.0M · 0.96%
Ramey-Estep Homes, Inc. KY$7.0M · 0.62%
Freedom Senior Services KY$6.8M · 1.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611145339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.