Plan Ledger DOL Form 5500 · updated monthly

Santiam Memorial Hospital401(k)

SANTIAM MEMORIAL HOSPITAL 401(K) RETIREMENT PLAN · STAYTON, OR · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Santiam Memorial Hospital reported $80,763 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,361 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 0.09% to 0.21%. 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 215th-largest of 1,021 plans among Oregon employers on file, and the 2,162nd of 11,911 in health care & social assistance. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,841,270
Participants with balances792
Active participants597
Employer contributions$1,409,244
Employee contributions$3,093,658
Employer contribution per active participant$2,361
Average account balance$52,830
Benefits paid to participants$2,622,017
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 792 accts · $1.4M emplr
2023$35.0M · 804 accts · $1.5M emplr
2022$27.9M · 747 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,670
Total administrative$80,763
The Santiam Memorial Hospital 401(k) match · 2024
Employer contribution per active participant$2,361
Median for plans this size$2,416
2024$2,361 per active participant
2023$2,348 per active participant
2022$2,199 per active participant

Santiam Memorial Hospital's 2024 employer contribution ran below the $2,416 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
CEDAR MOUNTAIN ADVISORS LLC$28,093

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$80,763 · 0.21%
2023$35,450 · 0.11%
2022$26,058 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Radiology Associates, P.C. OR$40.5M · 0.28%
Metro West Ambulance, Inc. OR$39.6M · 0.29%
Cascadia Health OR$38.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930415219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.