Plan Ledger DOL Form 5500 · updated monthly

The Springs Living, LLC401(k)

THE SPRINGS LIVING 401(K) RETIREMENT PLAN · MCMINNVILLE, OR · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

The Springs Living, LLC reported $23,527 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $204 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 0.29% to 0.23%. 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 500th-largest of 1,021 plans among Oregon employers on file, and the 5,208th of 11,911 in health care & social assistance. In 2024, employees put in $3.93 for every $1.00 the employer contributed; active participation has grown from 1,470 to 1,791 since 2022.

Plan summary
Net assets, end of year$11,800,940
Participants with balances464
Active participants1,791
Employer contributions$366,103
Employee contributions$1,437,258
Employer contribution per active participant$204
Average account balance$25,433
Benefits paid to participants$1,375,789
Plan auditUnmodified (clean) audit opinion
AuditorJONES AND ROTH PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 464 accts · $366K emplr
2023$9.0M · 426 accts · $376K emplr
2022$7.1M · 394 accts · $341K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,527
Total administrative$23,527
The The Springs Living, LLC 401(k) match · 2024
Employer contribution per active participant$204
Median for plans this size$2,416
2024$204 per active participant
2023$236 per active participant
2022$232 per active participant

The Springs Living, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$83,533

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
2023The Standard

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

Administrative cost history3
2024$23,527 · 0.23%
2023$16,346 · 0.20%
2022$21,554 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
Albertina Kerr Centers OR$12.7M · 0.37%
Sante Operations, LLC OR$12.0M · 1.36%
Columbia Care Services Inc OR$11.9M · 0.88%
Volare Health LLC OR$11.3M · 1.60%
Willamette View, Inc. OR$11.0M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273158705 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.