Premere Rehab, LLC 401(k) Review & Grade
Premere Rehab, LLC 401(k) Plan
Tualatin, ORHealth Care & Social Assistance736 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$278Employer $ per active participant
$2,493Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$49.5MNet plan assets, end of year
$50,038Average balance per account
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 39th |
| Employee saving | 49th |
| 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 ($414,378 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $12,560 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Premere Rehab put in about $278 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 | $204,790 |
| Participant (employee) contributions | $1,836,392 |
| Other contributions (incl. rollovers in) | $308,503 |
| Administrative expenses paid from the plan | $152,152 |
| Investment advisory & management fees | $50,223 |
| Other admin expenses | $17,113 |
| Benefits paid out | $6,456,370 |
| Net assets, start / end of year | $47.6M / $49.5M |
| Active participants, start / end of year | 813 / 660 |
| Participants with account balances | 989 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Inst. Op. Co. | $80,541 reported compensation |
| Phillips & Company Securities Inc | $50,223 reported compensation |
| Northwest Retirement Plan Consultan | $15,834 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015194555NAL0002832851001, received 2025-10-15, EIN 20-0962392, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.