Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Health Center401(k)

NEIGHBORHOOD HEALTH CENTER 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Neighborhood Health Center reported $76,385 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,131 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 0.93% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 389th-largest of 1,021 plans among Oregon employers on file, and the 4,056th of 11,911 in health care & social assistance. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves; active participation has grown from 203 to 247 since 2022.

Plan summary
Net assets, end of year$17,492,864
Participants with balances311
Active participants247
Employer contributions$1,514,282
Employee contributions$1,326,764
Employer contribution per active participant$6,131
Average account balance$56,247
Benefits paid to participants$1,683,520
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 311 accts · $1.5M emplr
2023$13.4M · 275 accts · $1.4M emplr
2022$9.2M · 254 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,385
Total administrative$76,385
The Neighborhood Health Center 401(k) match · 2024
Employer contribution per active participant$6,131
Median for plans this size$2,416
2024$6,131 per active participant
2023$6,364 per active participant
2022$5,410 per active participant

Neighborhood Health Center's 2024 employer contribution ran above the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,748
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$35,631
THE RETIREMENT ADVANTAGE · Other servicesindirect comp

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$76,385 · 0.49%
2023$110,157 · 0.97%
2022$86,077 · 0.93%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
One Community Health OR$19.8M · 0.37%
Interpath Laboratory, Inc. OR$19.8M · 0.31%
Northwest Human Services OR$19.6M · 0.12%
Oregon Food Bank OR$17.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273524752 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.