Silver Falls Mso, LLC 401(k) Review & Grade
Frontier Dermatology 401(k) Profit Sharing Plan
Salem, ORHealth Care & Social Assistance543 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,497Employer $ per active participant
$4,472Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$28.6MNet plan assets, end of year
$62,622Average balance per account
Score breakdown
- Employer generosity38.8 / 5078th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 21th |
| Employee saving | 73th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($291,578 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Silver Falls Mso put in about $2,497 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.54% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,355,799 |
| Participant (employee) contributions | $2,428,269 |
| Other contributions (incl. rollovers in) | $614,220 |
| Administrative expenses paid from the plan | $148,174 |
| Contract administrator fees | $108,902 |
| Investment advisory & management fees | $39,272 |
| Benefits paid out | $5,271,875 |
| Net assets, start / end of year | $26.2M / $28.6M |
| Active participants, start / end of year | 526 / 560 |
| Participants with account balances | 457 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Worthy & Company, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co. | $44,502 reported compensation |
| Commonwealth Equity Services, Inc. | $39,272 reported compensation |
| The Mandmarblestone Group LLC | $23,871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143955NAL0006469586001, received 2025-10-14, EIN 83-2897825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.