Central City Concern 401(k) Review & Grade
Central City Concern Retirement Plan
Portland, OROther Services1,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,887Employer $ per active participant
$3,647Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$71.5MNet plan assets, end of year
$47,953Average balance per account
Score breakdown
- Employer generosity40.1 / 5080th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 64th |
| Employee saving | 64th |
| Peers that auto-enroll | 40% |
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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 ($161,429 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $111,156 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Central City Concern put in about $2,887 per active participant, more than the typical peer ($1,257). 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 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 | $3,885,924 |
| Participant (employee) contributions | $4,909,057 |
| Other contributions (incl. rollovers in) | $538,992 |
| Administrative expenses paid from the plan | $96,144 |
| Investment advisory & management fees | $2,850 |
| Benefits paid out | $6,733,033 |
| Net assets, start / end of year | $61.5M / $71.5M |
| Active participants, start / end of year | 1,352 / 1,340 |
| Participants with account balances | 1,492 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $93,294 reported compensation |
| Empower Advisory Group, LLC | $2,850 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260401151148NAL0002129200001, received 2026-04-01, EIN 93-0728816, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.