Albertina Kerr Centers 401(k) Review & Grade
Albertina Kerr Centers 401(k) Retirement Savings Plan
Portland, ORHealth Care & Social Assistance528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$631Employer $ per active participant
$1,295Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$12.7MNet plan assets, end of year
$36,084Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 33th |
| Employee saving | 29th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Albertina Kerr Centers put in about $631 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $332,967 |
| Participant (employee) contributions | $683,239 |
| Other contributions (incl. rollovers in) | $320,741 |
| Administrative expenses paid from the plan | $45,191 |
| Contract administrator fees | $26,558 |
| Investment advisory & management fees | $18,633 |
| Benefits paid out | $815,035 |
| Net assets, start / end of year | $11.4M / $12.7M |
| Active participants, start / end of year | 466 / 589 |
| Participants with account balances | 352 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Worthy & Company, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $26,558 reported compensation |
| Morgan Stanley Global | $18,633 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924101541NAL0009086659001, received 2025-09-24, EIN 93-0386780, plan #002, plan year 2024-04-01 to 2024-12-31. Verify at efast.dol.gov.