The Immigrant and Refugee Community Organization 401(k) Review & Grade
Irco 401(k) Plan
Portland, OROther Services744 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,492Employer $ per active participant
$2,159Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$18.5MNet plan assets, end of year
$34,706Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 38th |
| Employee saving | 42th |
| 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 ($559,436 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Immigrant and Refugee Community Organization put in about $1,492 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 | $1,109,927 |
| Participant (employee) contributions | $1,606,030 |
| Other contributions (incl. rollovers in) | $193,789 |
| Administrative expenses paid from the plan | $55,093 |
| Contract administrator fees | $21,900 |
| Investment advisory & management fees | $13,000 |
| Benefits paid out | $2,040,652 |
| Net assets, start / end of year | $15.4M / $18.5M |
| Active participants, start / end of year | 775 / 713 |
| Participants with account balances | 533 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $20,193 reported compensation |
| Multnomah Group Inc | $13,000 reported compensation |
| Cpi Qualified Plan Consultants, Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260617174706NAL0003178032001, received 2026-06-17, EIN 93-0806295, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.