Pacificorp 401(k) Review & Grade
Pacificorp K Plus Employee Savings Plan
Portland, ORUtilities5,268 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,868Employer $ per active participant
$11,108Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$1.8BNet plan assets, end of year
$245,994Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 43th |
| Employee saving | 49th |
| Peers that auto-enroll | 82% |
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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
- Pacificorp put in about $10,868 per active participant, more than the typical peer ($6,490). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $57,247,481 |
| Participant (employee) contributions | $58,509,530 |
| Other contributions (incl. rollovers in) | $7,691,706 |
| Administrative expenses paid from the plan | $2,601,665 |
| Contract administrator fees | $292,442 |
| Investment advisory & management fees | $2,209,052 |
| Other admin expenses | $13,997 |
| Benefits paid out | $185,030,016 |
| Net assets, start / end of year | $1.6B / $1.8B |
| Active participants, start / end of year | 5,201 / 5,334 |
| Participants with account balances | 7,199 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $4,267,178 |
Largest service providers (Schedule C)
| Advised Assets Group, LLC | $1,145,979 reported compensation |
| Great-West Life & Annuity Ins Co | $676,841 reported compensation |
| Jpmorgan Chase Bank, N.A. | $294,221 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003164618NAL0003815858001, received 2025-10-03, EIN 93-0246090, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.