Plan Ledger DOL Form 5500 · updated monthly

Mv Advancements401(k)

MV ADVANCEMENTS PROFIT SHARING PLAN · MCMINNVILLE, OR · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Mv Advancements reported $13,793 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $1,644 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 0.36%. 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 (797th of 1,021), and 8,449th of 11,911 in health care & social assistance. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 93 to 103 since 2022.

Plan summary
Net assets, end of year$4,145,322
Participants with balances103
Active participants103
Employer contributions$169,364
Employee contributions$242,055
Employer contribution per active participant$1,644
Average account balance$40,246
Benefits paid to participants$199,670
Plan auditUnmodified (clean) audit opinion
AuditorBERNARDS, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 103 accts · $169K emplr
2023$3.5M · 128 accts · $204K emplr
2022$2.9M · 118 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,401
Investment management$9,392
Total administrative$13,793
The Mv Advancements 401(k) match · 2024
Employer contribution per active participant$1,644
Median for plans this size$1,313
2024$1,644 per active participant
2023$2,060 per active participant
2022$1,548 per active participant

Mv Advancements's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$23,459
LPL FINANCIAL CORPORATION RPCP · Investment advisory (plan)$6,988

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Mv Advancements before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,793 · 0.36%
2023$10,760 · 0.34%
2022$9,078 · 0.35%
Similar plansHealth Care & Social Assistance · Oregon
Fora Health, Inc. OR$4.4M · 0.37%
Transition Projects, Inc. OR$4.3M · 0.57%
Impact Nw OR$3.7M · 0.85%
Community Access Services OR$3.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930568833 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.