Plan Ledger DOL Form 5500 · updated monthly

Broadway Medical Clinic, LLP401(k)

BROADWAY MEDICAL CLINIC, LLP 401(K) PROFIT SHARING PLAN · PORTLAND, OR · plan year 2023

Reported admin expense ratio · 2023
0.58%

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

Broadway Medical Clinic, LLP reported $92,760 in plan administrative expenses for 2023: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,084 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 0.73% to 0.56%. 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 398th-largest of 1,021 plans among Oregon employers on file, and the 4,141st of 11,911 in health care & social assistance. In 2023, employees put in $2.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,942,668
Participants with balances131
Active participants99
Employer contributions$206,332
Employee contributions$552,243
Employer contribution per active participant$2,084
Average account balance$129,333
Benefits paid to participants$3,221,189
Plan auditUnmodified (clean) audit opinion
AuditorVAN BEEK & CO
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 100 accts · $166K emplr
2023$16.9M · 131 accts · $206K emplr
2022$15.2M · 116 accts · $202K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,682
Investment management$71,078
Total administrative$92,760
The Broadway Medical Clinic, LLP 401(k) match · 2023
Employer contribution per active participant$2,084
Median for plans this size$2,440
2024$1,927 per active participant
2023$2,084 per active participant
2022$1,904 per active participant

Broadway Medical Clinic, LLP's 2023 employer contribution ran below the $2,440 median for plans its size. 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
SPECTRUM PENSION CONSULTANTS, INC. · Claims processing · Contract administrator$21,682
SLOY, DAHL & HOLST · Investment advisory (plan) · Investment management$52,376
STRATEGIC RESEARCH & MANAGEMENT · Investment advisory (participants)$9,417
FERGUSON WELLMAN CAPITAL MANAGEMENT · Investment advisory (participants)$9,286

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

Recordkeeper by year2
2024SPECTRUM PENSION CONSULTANTS, INC.
2023SPECTRUM PENSION CONSULTANTS, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$91,908 · 0.56%
2023$92,760 · 0.58%
2022$144,924 · 0.73%
Similar plansHealth Care & Social Assistance · Oregon
Neighborhood Health Center OR$17.5M · 0.49%
Oregon Food Bank OR$17.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930399811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.