Mountain West Retirement Corporation 401(k) Review & Grade
Mountain West Group 401(k) Plan
Salem, ORHealth Care & Social Assistance1,246 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$122Employer $ per active participant
$500Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$5.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.3 / 5017th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 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 | 17th |
| Lower admin cost | 11th |
| Employee saving | 11th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $60,882 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mountain West Retirement put in about $122 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 (0.78% 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 | $151,835 |
| Participant (employee) contributions | $622,951 |
| Other contributions (incl. rollovers in) | $316,746 |
| Administrative expenses paid from the plan | $37,741 |
| Contract administrator fees | $24,536 |
| Investment advisory & management fees | $12,230 |
| Benefits paid out | $477,413 |
| Net assets, start / end of year | $4.3M / $5.4M |
| Active participants, start / end of year | 1,291 / 1,200 |
| Participants with account balances | 244 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Raymond James Fsa Inc | $12,230 reported compensation |
| John Hancock Life Insurance Company | $2,282 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009140218NAL0003632627001, received 2025-10-09, EIN 93-1263839, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.