Plan Ledger DOL Form 5500 · updated monthly

Salem Clinic, P.C.401(k)

SALEM CLINIC, P.C. 401(K) CASH OR DEFERRED SAVINGS PLAN · SALEM, OR · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Salem Clinic, P.C. reported $15,222 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,010 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 0.03% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 90th-largest of 1,021 plans among Oregon employers on file, and the 944th of 11,911 in health care & social assistance. In 2024, the employer put in $2.04 for every $1.00 employees contributed themselves; active participation has grown from 408 to 514 since 2022.

Plan summary
Net assets, end of year$118,875,618
Participants with balances631
Active participants514
Employer contributions$4,117,193
Employee contributions$2,016,156
Employer contribution per active participant$8,010
Average account balance$188,392
Benefits paid to participants$6,939,462
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$118.9M · 631 accts · $4.1M emplr
2023$104.8M · 588 accts · $3.9M emplr
2022$96.3M · 560 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,222
Total administrative$15,222
The Salem Clinic, P.C. 401(k) match · 2024
Employer contribution per active participant$8,010
Median for plans this size$3,635
2024$8,010 per active participant
2023$9,969 per active participant
2022$9,770 per active participant

Salem Clinic, P.C.'s 2024 employer contribution ran above the $3,635 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$15,172
CHARLES SCHWAB & CO., INC. · Securities brokerage$2

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$15,222 · 0.01%
2023$19,249 · 0.02%
2022$30,150 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
The Corvallis Clinic, P.C. OR$124.5M · 0.10%
Tuality Healthcare OR$120.4M · 0.32%
Grande Ronde Hospital Inc. OR$118.3M · 0.02%
Mid-Columbia Medical Center OR$101.4M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 930791519 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.