401k Plan data: HOPE, INC. 401(K) PLAN plan

HOPE, INC. 401(K) PLAN 401k Plan overview

Plan Name	HOPE, INC. 401(K) PLAN
Plan identification number	001

HOPE, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

HOPE, INC. has sponsored the creation of one or more 401k plans.

Company Name: HOPE, INC.

Employer identification number (EIN): 860655390

NAIC Classification: 621420
NAIC Description: Outpatient Mental Health and Substance Abuse Centers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOPE, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2016-01-01 DANIEL HALEY 2017-12-20
001 2016-01-01 DANIEL HALEY 2017-10-13
001 2015-01-01
001 2014-01-01

Plan Statistics for HOPE, INC. 401(K) PLAN

401k plan membership statisitcs for HOPE, INC. 401(K) PLAN

Measure Date Value
2017: HOPE, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 69
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 15
Total of all active and inactive participants 2017-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 84
Number of participants with account balances 2017-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: HOPE, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 155
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 61
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 25
Total of all active and inactive participants 2016-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 86
Number of participants with account balances 2016-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0

Measure	Date	Value
2017: HOPE, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	69
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	15
Total of all active and inactive participants	2017-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	84
Number of participants with account balances	2017-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: HOPE, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	155
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	61
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	25
Total of all active and inactive participants	2016-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	86
Number of participants with account balances	2016-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0

Financial Data on HOPE, INC. 401(K) PLAN

Measure	Date	Value
2017 : HOPE, INC. 401(K) PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$211,678
Total of all expenses incurred	2017-12-31	$369,510
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$322,887
Expenses. Certain deemed distributions of participant loans	2017-12-31	$41,650
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$133,468
Value of total assets at end of year	2017-12-31	$535,788
Value of total assets at beginning of year	2017-12-31	$693,620
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$4,973
Total interest from all sources	2017-12-31	$1,863
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$70,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$84,268
Participant contributions at end of year	2017-12-31	$13,563
Participant contributions at beginning of year	2017-12-31	$56,696
Participant contributions at end of year	2017-12-31	$1,649
Participant contributions at beginning of year	2017-12-31	$4,699
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$76
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-31	$431
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Income. Non cash contributions	2017-12-31	$0
Value of net income/loss	2017-12-31	$-157,832
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$535,788
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$693,620
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in pooled separate accounts at end of year	2017-12-31	$517,415
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$623,795
Interest on participant loans	2017-12-31	$1,787
Interest earned on other investments	2017-12-31	$76
Net investment gain/loss from pooled separate accounts	2017-12-31	$76,347
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$49,200
Employer contributions (assets) at end of year	2017-12-31	$3,085
Employer contributions (assets) at beginning of year	2017-12-31	$7,999
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$322,887
Contract administrator fees	2017-12-31	$4,973
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	RANDALL BROOKSHIER CPA, PLLC
Accountancy firm EIN	2017-12-31	453501829
2016 : HOPE, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$283,044
Total of all expenses incurred	2016-12-31	$89,039
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$84,447
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$199,840
Value of total assets at end of year	2016-12-31	$693,190
Value of total assets at beginning of year	2016-12-31	$499,185
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$4,592
Total interest from all sources	2016-12-31	$2,192
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$35,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$119,146
Participant contributions at end of year	2016-12-31	$56,696
Participant contributions at beginning of year	2016-12-31	$47,016
Participant contributions at end of year	2016-12-31	$4,214
Participant contributions at beginning of year	2016-12-31	$4,303
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$19,909
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$431
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Income. Non cash contributions	2016-12-31	$0
Value of net income/loss	2016-12-31	$194,005
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$693,190
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$499,185
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in pooled separate accounts at end of year	2016-12-31	$630,036
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$445,660
Interest on participant loans	2016-12-31	$2,084
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$108
Net investment gain/loss from pooled separate accounts	2016-12-31	$81,012
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$60,785
Employer contributions (assets) at end of year	2016-12-31	$2,244
Employer contributions (assets) at beginning of year	2016-12-31	$2,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$84,447
Contract administrator fees	2016-12-31	$4,592
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	RANDALL BROOKSHIER CPA, PLLC
Accountancy firm EIN	2016-12-31	453501829

Form 5500 Responses for HOPE, INC. 401(K) PLAN

2017: HOPE, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: HOPE, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	Yes
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

113153

Policy instance

Insurance contract or identification number	113153
Number of Individuals Covered	39
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $2,646
Total amount of fees paid to insurance company	USD $2,275
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $2,325
Additional information about fees paid to insurance broker	BROKER COMMISSION
Insurance broker organization code?	3
Amount paid for insurance broker fees	2275
Insurance broker name	CAMPBELL ALBRECHT

Potentially related plans

HOPE, INC. 403(B) PLAN [EIN = 731603671]

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Company Name:	HOPE, INC.
Employer identification number (EIN):	860655390
NAIC Classification:	621420
NAIC Description:	Outpatient Mental Health and Substance Abuse Centers

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2016-01-01	DANIEL HALEY	2017-12-20
001	2016-01-01	DANIEL HALEY	2017-10-13
001	2015-01-01
001	2014-01-01