Plan Ledger DOL Form 5500 · updated monthly

Spectrum of Hope, LLC401(k)

SPECTRUM OF HOPE RETIREMENT PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
5.49%

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

Spectrum of Hope, LLC reported $62,835 in plan administrative expenses for 2023: 5.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $301 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 1 year on file its reported administrative ratio rose from 4.83% to 5.49%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (5,045th of 5,688), and 10,354th of 11,911 in health care & social assistance. In 2023, employees put in $6.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,638,402
Participants with balances619
Active participants517
Employer contributions$155,383
Employee contributions$977,697
Employer contribution per active participant$301
Average account balance$2,647
Benefits paid to participants$360,315
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER & WILLIAMS, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$1.6M · 619 accts · $155K emplr
2022$651K · 581 accts · $9K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,835
Total administrative$62,835
The Spectrum of Hope, LLC 401(k) match · 2023
Employer contribution per active participant$301
Median for plans this size$1,308
2023$301 per active participant
2022$18 per active participant

Spectrum of Hope, LLC's 2023 employer contribution ran below the $1,308 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
UBS FINANCIAL SERVICES INC. · Investment advisory (participants)$6,514

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

Administrative cost history2
2023$62,835 · 5.49%
2022$22,870 · 4.83%
Similar plansHealth Care & Social Assistance · Texas
The Zachariah Group LLC TX$1.7M · 0.60%
Project Amistad, Inc. TX$1.7M · 0.17%
Hrmd Management TX$1.6M · 0.04%
Covenant Kids Inc. TX$1.6M · 0.50%
Frontera Strategies, LLC TX$1.6M · 0.49%
Hmg Healthcare LLC TX$1.6M · 1.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201489462 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.