Northern Nevada Hopes401(k)
NORTHERN NEVADA HOPES 401K PLAN · RENO, NV · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Northern Nevada Hopes reported $86,867 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,675 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 1.05% to 0.96%. 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 the 211th-largest of 437 plans among Nevada employers on file, and the 5,835th of 11,911 in health care & social assistance. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 196 to 233 since 2022.
Northern Nevada Hopes'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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 860865357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.