Metro West Ambulance, Inc. 401(k) Review & Grade
Metro West Ambulance Service Retirement Plan
Hillsboro, ORHealth Care & Social Assistance1,193 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$973Employer $ per active participant
$1,564Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$39.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 42th |
| Employee saving | 34th |
| 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 ($2,984,934 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $70,189 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metro West Ambulance put in about $973 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.
- 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 | $1,160,324 |
| Participant (employee) contributions | $1,865,365 |
| Other contributions (incl. rollovers in) | $165,363 |
| Administrative expenses paid from the plan | $111,414 |
| Contract administrator fees | $17,324 |
| Investment advisory & management fees | $94,090 |
| Benefits paid out | $3,375,119 |
| Net assets, start / end of year | $38.1M / $39.6M |
| Active participants, start / end of year | 1,178 / 1,208 |
| Participants with account balances | 569 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fordham & Co LLP. |
Largest service providers (Schedule C)
| TPG Financial Advisors, LLC | $94,090 reported compensation |
| Stancorp Financial Group | $89,835 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260312101238NAL0006708016001, received 2026-03-12, EIN 91-0877398, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.