How much does Bridges to Change, Inc. contribute to its 403(b)?

In 2022, employer contributions to the Bridges to Change, Inc. plan averaged $824 per active participant, above the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Bridges to Change, Inc. 401(k)?

The average participant account balance was $9,651 for plan year 2022, based on 98 accounts.

Bridges to Change, Inc.403(b)

Name: Bridges to Change, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BRIDGES TO CHANGE RETIREMENT PLAN · PORTLAND, OR · plan year 2022

Employer contribution per participant · 2022

$824

Bridges to Change, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $945,762 across 98 participant accounts, with employer contributions averaging $824 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Oregon (963rd of 1,021), and 10,951st of 11,911 in health care & social assistance. In 2022, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$945,762
Participants with balances98
Active participants131
Employer contributions$107,944
Employee contributions$180,052
Employer contribution per active participant$824
Average account balance$9,651
Benefits paid to participants$64,798
Plan auditUnmodified (clean) audit opinion
AuditorDOUGALL CORADIE LLC

Employer contributions to the Bridges to Change, Inc. plan · 2022

Employer contribution per active participant$824

Median for plans this size$331

Bridges to Change, Inc.'s 2022 employer contribution ran above the $331 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 760751239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.