The Springs Living, LLC 401(k) Review & Grade
The Springs Living 401(k) Retirement Plan
Mcminnville, ORHealth Care & Social Assistance1,742 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$210Employer $ per active participant
$825Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$11.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 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 | 22th |
| Lower admin cost | 50th |
| Employee saving | 18th |
| Peers that auto-enroll | 36% |
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 red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Springs Living put in about $210 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.
- 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 | $366,103 |
| Participant (employee) contributions | $1,437,258 |
| Other contributions (incl. rollovers in) | $1,178,687 |
| Administrative expenses paid from the plan | $23,527 |
| Contract administrator fees | $23,527 |
| Benefits paid out | $1,375,789 |
| Net assets, start / end of year | $9.0M / $11.8M |
| Active participants, start / end of year | 1,693 / 1,791 |
| Participants with account balances | 464 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jones and Roth PC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $83,533 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926130517NAL0013812770001, received 2025-09-26, EIN 27-3158705, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.