HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 801 BOUSH STREET, SUITE 302,NORFOLK,VA
- Contact person: KIMBERLY BLACK
- Phone: (757) 625-6611
Plan General Information
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is $8,879,667.00.This plan was established in 1991.
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is 213
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is $41,688.00
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is $637.00.
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is approximately $1,902.00
Investing in this additonal $1,902.00 for 20 years would give you extra $121,728.00, assuming a 10% annual return.
Investing in this additonal $1,902.00 for 20 years would give you extra $121,728.00, assuming a 10% annual return.
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN allocates $405,127.00 to match its employees' contributions, providing an employer match rate of 286.40% of their contributions
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is 9.43%.
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is 9.74%. This measures the effectiveness of the plan participants' investments in the year.
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN is 0.63%.
Enrollment Features
HOPE HOUSE FOUNDATION, INC. 401(K) PROFIT SHARING PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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