Plan Ledger DOL Form 5500 · updated monthly

Bend Memorial Clinic, P.C.401(k)

BEND MEMORIAL CLINIC, P.C. 401(K) RETIREMENT PLAN · BEND, OR · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Bend Memorial Clinic, P.C. reported $5,529 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $15,948 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 0.02% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 153rd-largest of 1,021 plans among Oregon employers on file, and the 1,570th of 11,911 in health care & social assistance. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has grown from 148 to 183 since 2022.

Plan summary
Net assets, end of year$61,937,635
Participants with balances352
Active participants183
Employer contributions$2,918,401
Employee contributions$2,680,713
Employer contribution per active participant$15,948
Average account balance$175,959
Benefits paid to participants$5,612,633
Plan auditUnmodified (clean) audit opinion
AuditorALDRICH CPAS AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$61.9M · 352 accts · $2.9M emplr
2023$54.3M · 338 accts · $2.7M emplr
2022$42.9M · 320 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$450
Investment management$5,079
Total administrative$5,529
The Bend Memorial Clinic, P.C. 401(k) match · 2024
Employer contribution per active participant$15,948
Median for plans this size$3,635
2024$15,948 per active participant
2023$16,250 per active participant
2022$16,687 per active participant

Bend Memorial Clinic, P.C.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$5,529

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$5,529 · 0.01%
2023$1,949 · 0.00%
2022$8,669 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
The Portland Clinic LLP OR$83.6M · 0.18%
Marquis Companies I, Inc. OR$76.6M · 0.41%
Slocum Orthopedics, P.C. OR$73.6M · 0.19%
Women's Care, P.C. OR$59.3M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 680637976 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.