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FOREVER HOPE HOMES 401(K) PLAN 401k Plan overview

Plan NameFOREVER HOPE HOMES 401(K) PLAN
Plan identification number 001

FOREVER HOPE HOMES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FOREVER HOPE HOMES, LLC has sponsored the creation of one or more 401k plans.

Company Name:FOREVER HOPE HOMES, LLC
Employer identification number (EIN):854140361
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FOREVER HOPE HOMES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHEILA PAULSON2024-03-04 SHEILA PAULSON2024-03-04

Plan Statistics for FOREVER HOPE HOMES 401(K) PLAN

401k plan membership statisitcs for FOREVER HOPE HOMES 401(K) PLAN

Measure Date Value
2025: FOREVER HOPE HOMES 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1812
Total number of particpants at end of year2025-06-1815
Number of Participants With Account Balances2025-06-181
2024: FOREVER HOPE HOMES 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-03-041
Total number of particpants at end of year2024-03-041
Number of Participants With Account Balances2024-03-041

Financial Data on FOREVER HOPE HOMES 401(K) PLAN

Measure Date Value
2025 : FOREVER HOPE HOMES 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-18376
Net assets as of the end of the plan year2025-06-18116292
Total assets as of the beginning of the plan year2025-06-18103565
Value of plan covered by a fidelity bond2025-06-1810800
Participant contributions to plan in this plan year2025-06-180
Value of participant loans at end of plan year2025-06-1847442
Other expenses paid from plan in this plan year2025-06-180
Other income to plan in this plan year2025-06-1813103
Plan net income in this plan year2025-06-1812727
Net assets as of the end of the plan year2025-06-18116292
Net assets as of the beginning of the plan year2025-06-18103565
Employer contributions to plan in this plan year2025-06-180
Fees paid to broker by Benefit Provider2025-06-1855
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-18376
2024 : FOREVER HOPE HOMES 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-03-04227
Net assets as of the end of the plan year2024-03-04103565
Total assets as of the beginning of the plan year2024-03-040
Participant contributions to plan in this plan year2024-03-040
Value of participant loans at end of plan year2024-03-0449414
Other expenses paid from plan in this plan year2024-03-040
Other contributions to plan in this plan year2024-03-04100000
Other income to plan in this plan year2024-03-043792
Plan net income in this plan year2024-03-04103565
Net assets as of the end of the plan year2024-03-04103565
Net assets as of the beginning of the plan year2024-03-040
Employer contributions to plan in this plan year2024-03-040
Fees paid to broker by Benefit Provider2024-03-04212
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-04227

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