Generations LLC 401(k) Review & Grade
Generations LLC 401(k) Profit Sharing Plan & Trust
Clackamas, ORHealth Care & Social Assistance1,104 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$429Employer $ per active participant
$779Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
$12,963Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 18th |
| Employee saving | 17th |
| Peers that auto-enroll | 36% |
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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
- Generations put in about $429 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 (0.59% 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 | $473,744 |
| Participant (employee) contributions | $860,193 |
| Other contributions (incl. rollovers in) | $27,615 |
| Administrative expenses paid from the plan | $51,744 |
| Contract administrator fees | $23,525 |
| Investment advisory & management fees | $27,359 |
| Benefits paid out | $1,583,399 |
| Net assets, start / end of year | $8.4M / $9.2M |
| Active participants, start / end of year | 1,264 / 945 |
| Participants with account balances | 709 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hansen Hunter & Co.p.c. |
Largest service providers (Schedule C)
| Generations LLC 401k Plan | $21,780 reported compensation |
| Erisa Fiduciary Services, Inc. | $15,360 reported compensation |
| Morgan Stanley Global Banking Opera | $10,869 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917155459NAL0000669680001, received 2025-09-17, EIN 93-1140342, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.