Moda Partners, Inc. 401(k) Review & Grade
Moda Partners, Inc. Employee Retirement Plan
Portland, ORFinance & Insurance1,372 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,048Employer $ per active participant
$6,124Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$209.0MNet plan assets, end of year
$118,705Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 62th |
| Employee saving | 36th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $72 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Moda Partners put in about $5,048 per active participant, more than the typical peer ($3,606). 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 | $6,923,559 |
| Participant (employee) contributions | $8,399,734 |
| Other contributions (incl. rollovers in) | $409,177 |
| Administrative expenses paid from the plan | $306,584 |
| Contract administrator fees | $52,796 |
| Investment advisory & management fees | $41,039 |
| Benefits paid out | $15,971,246 |
| Net assets, start / end of year | $187.6M / $209.0M |
| Active participants, start / end of year | 1,389 / 1,354 |
| Participants with account balances | 1,761 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| The Retirement Plan Company | $203,862 reported compensation |
| Charles Schwab Bank | $61,684 reported compensation |
| R.V. Kuhns & Associates | $41,039 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154844NAL0010136754001, received 2025-10-15, EIN 93-1083363, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.