Hope for Youth retirement plan: assets, participants and fees
What Hope for Youth's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Sentinel Benefits Group, LLC | Schedule C ↗ |
| Independent auditor | Satty, Levine & Ciacco, Cpas, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Hope for Youth: employer contribution per participant | $2,594 | |
| Peer median | $1,468 |
| Hope for Youth: average balance | $33,201 | |
| Peer median | $37,786 |
| Hope for Youth: admin expenses ÷ assets | 0.46% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $5.1M at the end of plan year 2021 to $5.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 169 | $5.1M | $397K | $2,594 | 0.46% | Not published | Form 5500 ↗ |
| 2023 | 164 | $4.7M | $391K | $2,791 | 0.47% | Not published | Form 5500 ↗ |
| 2022 | 150 | $4.5M | $345K | $2,536 | 0.40% | Not published | Form 5500 ↗ |
| 2021 | 138 | $5.1M | $368K | $3,288 | 0.44% | Not published | Form 5500 ↗ |
Common questions
Does Hope for Youth match 401(k) contributions?
The match terms for the Hope for Youth, Inc. Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $397K in employer contributions, about $2,594 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Hope for Youth 401(k) match vested?
The vesting schedule for the Hope for Youth, Inc. Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Hope for Youth 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Sentinel Benefits Group, LLC. The plan administrator is Hope for Youth, Inc..
I left Hope for Youth. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Hope for Youth, Inc., (631) 691-5100) or the recordkeeper, Sentinel Benefits Group, LLC. The Hope for Youth old 401(k) page lists the contacts from every plan filing. Find an old Hope for Youth 401(k)
Data from the public Form 5500 annual reports Hope for Youth filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Hope for Youth. Not financial advice. Report a correction · Methodology