Plan Ledger DOL Form 5500 · updated monthly

Friendship Health Center, Inc.403(b)

FRIENDSHIP HEALTH CENTER 403(B) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Friendship Health Center, Inc. reported $5,220 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $212 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 3 years on file its reported administrative ratio has held roughly steady near 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Oregon (894th of 1,021), and 9,882nd of 11,911 in health care & social assistance. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,191,770
Participants with balances119
Active participants163
Employer contributions$34,597
Employee contributions$122,088
Employer contribution per active participant$212
Average account balance$18,418
Benefits paid to participants$248,798
Plan auditUnmodified (clean) audit opinion
AuditorLAUKA MCGUIRE P.C. CPA
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 119 accts · $35K emplr
2023$2.1M · 132 accts · $45K emplr
2022$1.9M · 133 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,220
Total administrative$5,220
The Friendship Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$212
Median for plans this size$1,313
2024$212 per active participant
2023$252 per active participant
2022$281 per active participant

Friendship Health Center, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$5,220 · 0.24%
2023$4,778 · 0.24%
2022$4,525 · 0.23%
Similar plansHealth Care & Social Assistance · Oregon
Bend Health, Inc. OR$2.5M · 0.62%
Jasper Mountain OR$2.0M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930613108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.