Hope Network Employee 403(B) Plan — Form 5500 plan (Hope Network)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Hope Network Employee 403(B) Plan is a benefit plan reported by Hope Network under EIN 38-6108186 and plan number 002. The latest loaded filing year is 2023. The filing reports 4,292 participants and $49,077,994 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$49.1MPlan net assets, end of year$49,077,994
Participants4.3KCovered participants reported4,292
Assets / participant$11.4KComputed: assets ÷ participants$11,435 (computed)
Provider compensation$176.2K3 Schedule C provider row(s)$176,233
- Plan sponsor
- Hope Network
- EIN
- 38-6108186
- Plan number
- 002
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 4,292 | H, C | 20241011084456NAL0010738931001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$49.1M total assets
Net assets$49.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $49,077,994
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $49,077,994
- Net assets (BOY)
- $41,868,397
Income & contributions
- Employer contributions
- $665,136
- Participant contributions
- $2,849,430
- Total contributions
- $4,158,447
- Total income / additions
- $11,403,065
Expenses & distributions
- Benefits paid
- $3,970,512
- Administrative expenses
- $180,407
- Total expenses
- $4,193,468
- Net increase / (decrease)
- $7,209,597
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
19%81%
Employer 19%Participant 81%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income35%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $147,484 | $0 | 2023 |
| Envestnet Retirement Solutions, LLC | INVESTMENT ADVISORY | $25,782 | not reported in the loaded dataset | 2023 |
| Verdant Graphics LLC | SERVICE PROVIDER | $2,967 | not reported in the loaded dataset | 2023 |