Plan Ledger DOL Form 5500 · updated monthly

One Hope United403(b)

ONE HOPE UNITED 403(B) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
1.14%

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

One Hope United reported $96,691 in plan administrative expenses for 2024: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,092 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 0.98% to 1.14%. 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 Illinois (2,439th of 3,702), and the 5,892nd of 11,911 in health care & social assistance. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has grown from 742 to 818 since 2022.

Plan summary
Net assets, end of year$9,419,349
Participants with balances1,330
Active participants818
Employer contributions$893,163
Employee contributions$900,264
Employer contribution per active participant$1,092
Average account balance$7,082
Benefits paid to participants$806,645
Plan auditUnmodified (clean) audit opinion
AuditorSASSETTI LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 1,330 accts · $893K emplr
2023$7.5M · 1,166 accts · $1.1M emplr
2022$5.3M · 627 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,926
Investment management$11,765
Total administrative$96,691
Employer contributions to the One Hope United plan · 2024
Employer contribution per active participant$1,092
Median for plans this size$1,313
2024$1,092 per active participant
2023$1,361 per active participant

One Hope United's 2024 employer contribution ran below 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 · 20242
FIFTH THIRD BANK · Investment advisory (plan)$11,765

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

Administrative cost history3
2024$96,691 · 1.14%
2023$99,127 · 1.55%
2022$57,477 · 0.98%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Lawrence Hall IL$9.7M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362181967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.