The Oregon Clinic, P.C. 401(k) Review & Grade
The Oregon Clinic, P.C. Retirement Plan
Portland, ORHealth Care & Social Assistance1,333 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,193Employer $ per active participant
$8,537Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$360.0MNet plan assets, end of year
$191,607Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 85th |
| Employee saving | 96th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,181 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oregon Clinic put in about $11,193 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.
- 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.
- 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 | $14,920,607 |
| Participant (employee) contributions | $11,379,914 |
| Other contributions (incl. rollovers in) | $2,408,589 |
| Administrative expenses paid from the plan | $188,134 |
| Investment advisory & management fees | $38,030 |
| Benefits paid out | $24,277,816 |
| Net assets, start / end of year | $312.8M / $360.0M |
| Active participants, start / end of year | 1,332 / 1,334 |
| Participants with account balances | 1,879 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $150,029 reported compensation |
| Multnomah Group Inc | $38,030 reported compensation |
| Charles Schwab & Co., Inc. | $2,136 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029094817NAL0000564115001, received 2025-10-29, EIN 93-1127856, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.