Plan Ledger DOL Form 5500 · updated monthly

Virginia Garcia Memorial Health Center403(b)

VIRGINIA GARCIA MEMORIAL HEALTH CENTER TAX SHELTERED ANNUITY PLAN · HILLSBORO, OR · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Virginia Garcia Memorial Health Center reported $130,568 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,976 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 0.34% to 0.29%. 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 196th-largest of 1,021 plans among Oregon employers on file, and the 1,986th of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 661 to 840 since 2022.

Plan summary
Net assets, end of year$46,606,381
Participants with balances800
Active participants840
Employer contributions$1,659,669
Employee contributions$2,973,853
Employer contribution per active participant$1,976
Average account balance$58,258
Benefits paid to participants$2,532,161
Plan auditUnmodified (clean) audit opinion
AuditorHOFFMAN, STEWART & SCHMIDT P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$46.6M · 800 accts · $1.7M emplr
2023$42.1M · 729 accts · $1.7M emplr
2022$35.1M · 670 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,014
Investment management$57,554
Total administrative$130,568
Employer contributions to the Virginia Garcia Memorial Health Center plan · 2024
Employer contribution per active participant$1,976
Median for plans this size$2,416
2024$1,976 per active participant
2023$2,318 per active participant
2022$2,442 per active participant

Virginia Garcia Memorial Health Center'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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$73,013
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$57,554
CHARLES SCHWAB BANK · Custodial (securities)indirect comp

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$130,568 · 0.29%
2023$123,084 · 0.32%
2022$117,796 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · Oregon
The Center OR$50.5M · 0.26%
Premere Rehab, LLC OR$49.5M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 930717997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.