Plan Ledger DOL Form 5500 · updated monthly

North Bend Medical Center, Inc.401(k)

NORTH BEND MEDICAL CENTER 401(K) PLAN · COOS BAY, OR · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

North Bend Medical Center, Inc. reported $155,026 in plan administrative expenses for 2023: 0.20% of average plan assets, above the peer median. Employer contributions averaged $10,277 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 rose from 0.19% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 123rd-largest of 1,021 plans among Oregon employers on file, and the 1,314th of 11,911 in health care & social assistance. In 2023, the employer put in $1.56 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$77,987,015
Participants with balances480
Active participants306
Employer contributions$3,144,696
Employee contributions$2,015,434
Employer contribution per active participant$10,277
Average account balance$162,473
Benefits paid to participants$16,514,044
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.4M · 496 accts · $1.9M emplr
2023$78.0M · 480 accts · $3.1M emplr
2022$75.7M · 478 accts · $3.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$64,485
Investment management$75,000
Trustee / custodial$15,541
Total administrative$155,026
The North Bend Medical Center, Inc. 401(k) match · 2023
Employer contribution per active participant$10,277
Median for plans this size$3,659
2024$6,146 per active participant
2023$10,277 per active participant
2022$9,742 per active participant

North Bend Medical Center, Inc.'s 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NWPS · Recordkeeping · Participant communication$64,485
LPL FINANCIAL LLC · Investment advisory (participants) · Investment advisory (plan)$75,000
CHARLES SCHWAB TRUST BANK · Custodial (securities)$15,541

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

Recordkeeper by year2
2024NWPS
2023NWPS

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

Administrative cost history3
2024$155,179 · 0.20%
2023$155,026 · 0.20%
2022$157,816 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Eye Health Northwest, P.C. OR$92.9M · 0.13%
Ochin, Inc. OR$90.3M · 0.14%
The Portland Clinic LLP OR$83.6M · 0.18%
Marquis Companies I, Inc. OR$76.6M · 0.41%
Slocum Orthopedics, P.C. OR$73.6M · 0.19%
Bend Memorial Clinic, P.C. OR$61.9M · 0.01%
Women's Care, P.C. OR$59.3M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930635514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.