Hopebridge, LLC 401(k) Review & Grade
Hopebridge, LLC 401(k) Plan
Indianapolis, INHealth Care & Social Assistance4,276 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$760Employee $ saved per active participant
1.06%Direct admin cost, % of plan assets
$12.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost1.0 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 4th |
| Employee saving | 21th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $121,240 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hopebridge put in about $1 per active participant, below the typical peer ($800). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (1.06% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,734 |
| Participant (employee) contributions | $3,247,642 |
| Other contributions (incl. rollovers in) | $242,572 |
| Administrative expenses paid from the plan | $114,792 |
| Investment advisory & management fees | $7,964 |
| Benefits paid out | $2,129,671 |
| Net assets, start / end of year | $9.6M / $12.1M |
| Active participants, start / end of year | 4,400 / 4,151 |
| Participants with account balances | 1,791 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $106,828 reported compensation |
| Empower Advisory Group, LLC | $7,964 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010152339NAL0008388961001, received 2025-10-10, EIN 20-2605791, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.