Good Hope International 401(k) Review & Grade
Planet First 401(k) Plan
Anaheim, CAAccommodation & Food Services772 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$843Employer $ per active participant
$1,634Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity42.1 / 5084th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 60th |
| Employee saving | 79th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Good Hope International put in about $843 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $650,576 |
| Participant (employee) contributions | $1,261,465 |
| Other contributions (incl. rollovers in) | $59,079 |
| Administrative expenses paid from the plan | $13,675 |
| Contract administrator fees | $13,675 |
| Benefits paid out | $833,286 |
| Net assets, start / end of year | $7.1M / $9.0M |
| Active participants, start / end of year | 780 / 764 |
| Participants with account balances | 367 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Voya Retirement Ins and Annuity Co | $13,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924154430NAL0009415459001, received 2025-09-24, EIN 33-0203644, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.