Plan Ledger DOL Form 5500 · updated monthly

Avamere Health Services, LLC401(k)

AVAMERE HEALTH SERVICES 401(K) PLAN · WILSONVILLE, OR · plan year 2023

Reported admin expense ratio · 2023
0.80%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Avamere Health Services, LLC reported $309,317 in plan administrative expenses for 2023: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $61 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.00% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 212th-largest of 1,021 plans among Oregon employers on file, and the 2,133rd of 11,911 in health care & social assistance. In 2023, employees put in $12.03 for every $1.00 the employer contributed; active participation has grown from 5,213 to 7,651 since 2022.

Plan summary
Net assets, end of year$42,385,445
Participants with balances1,642
Active participants7,651
Employer contributions$469,473
Employee contributions$5,645,946
Employer contribution per active participant$61
Average account balance$25,813
Benefits paid to participants$4,641,804
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS
Plan history3
Yearassets · accounts · employer contribution
2024$32.3M · 1,397 accts · $440K emplr
2023$42.4M · 1,642 accts · $469K emplr
2022$34.7M · 1,573 accts · $469K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$309,317
Total administrative$309,317
The Avamere Health Services, LLC 401(k) match · 2023
Employer contribution per active participant$61
Median for plans this size$2,440
2024$49 per active participant
2023$61 per active participant
2022$90 per active participant

Avamere Health Services, LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PHILLIPS & CO · Investment advisory (plan)$99,265
PROFESSIONAL BENEFIT SERVICES · Contract administrator$64,351
PPNW · Contract administrator$8,692

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$203,093 · 0.54%
2023$309,317 · 0.80%
2022$371,633 · 1.00%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Santiam Memorial Hospital OR$41.8M · 0.21%
Radiology Associates, P.C. OR$40.5M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208027608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.