Plan Ledger DOL Form 5500 · updated monthly

Operation Hope, Inc.401(k)

OPERATION HOPE 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Operation Hope, Inc. reported $46,138 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,216 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 0.73% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Georgia (1,324th of 2,160), and 2,199th of 3,091 in educational services. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has grown from 273 to 350 since 2022.

Plan summary
Net assets, end of year$8,839,190
Participants with balances379
Active participants350
Employer contributions$425,472
Employee contributions$1,349,394
Employer contribution per active participant$1,216
Average account balance$23,322
Benefits paid to participants$536,664
Plan auditUnmodified (clean) audit opinion
AuditorFULTON & KOZAK
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 379 accts · $425K emplr
2023$6.5M · 357 accts · $321K emplr
2022$4.3M · 301 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,138
Total administrative$46,138
The Operation Hope, Inc. 401(k) match · 2024
Employer contribution per active participant$1,216
Median for plans this size$1,313
2024$1,216 per active participant
2023$971 per active participant
2022$1,046 per active participant

Operation Hope, Inc.'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
ADP, INC. · Loan processing · Recordkeeping$46,137
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,138 · 0.60%
2023$39,135 · 0.73%
2022$29,580 · 0.73%
Same employer
Similar plansEducational Services · Georgia
Landmark Christian School GA$10.0M · 0.57%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 954378084 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.