Sante Operations, LLC 401(k) Review & Grade
Sante Operations, LLC 401(k) Profit Sharing Plan and Trust
Salem, ORHealth Care & Social Assistance1,316 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$246Employer $ per active participant
$1,572Employee $ saved per active participant
1.36%Direct admin cost, % of plan assets
$12.0MNet plan assets, end of year
$8,787Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 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 | 24th |
| Lower admin cost | 3th |
| Employee saving | 34th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,725 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sante Operations put in about $246 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 (1.36% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $323,770 |
| Participant (employee) contributions | $2,067,990 |
| Other contributions (incl. rollovers in) | $72,356 |
| Administrative expenses paid from the plan | $150,863 |
| Investment advisory & management fees | $63,299 |
| Benefits paid out | $1,677,012 |
| Net assets, start / end of year | $10.1M / $12.0M |
| Active participants, start / end of year | 1,169 / 1,462 |
| Participants with account balances | 1,363 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Geffen Mesher and Company, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $87,564 reported compensation |
| Foster & Wood Inc DBA Foster & Wood | $40,907 reported compensation |
| Empower Advisory Group, LLC | $22,392 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008183831NAL0003496595001, received 2025-10-08, EIN 27-3161091, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.