Sunshine Retirement Living LLC 401(k) Review & Grade
Sunshine Retirement Living LLC 401(k) Plan
Bend, ORAccommodation & Food Services1,386 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$262Employer $ per active participant
$759Employee $ saved per active participant
1.40%Direct admin cost, % of plan assets
$6.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 3th |
| Employee saving | 48th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Sunshine Retirement Living put in about $262 per active participant, below the typical peer ($266). 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.
- Direct plan expenses (1.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $363,387 |
| Participant (employee) contributions | $1,052,301 |
| Other contributions (incl. rollovers in) | $287,417 |
| Administrative expenses paid from the plan | $89,025 |
| Investment advisory & management fees | $24,682 |
| Benefits paid out | $1,218,626 |
| Net assets, start / end of year | $5.8M / $6.9M |
| Active participants, start / end of year | 1,500 / 1,273 |
| Participants with account balances | 373 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Redw LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $47,819 reported compensation |
| Aldrich Wealth LTD Partnership | $24,682 reported compensation |
| Prime Retirement Solutions, LLC | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724113651NAL0002428579001, received 2025-07-24, EIN 27-2259301, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.