Multnomah Athletic Club 401(k) Review & Grade
Multnomah Athletic Club 401k Retirement Savings Plan
Portland, ORArts, Entertainment & Recreation697 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,654Employer $ per active participant
$2,286Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$27.6MNet plan assets, end of year
$28,302Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost10.4 / 2542th 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-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 42th |
| Employee saving | 49th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $293 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Multnomah Athletic Club put in about $1,654 per active participant, more than the typical peer ($995). 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.
- 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 | $1,152,994 |
| Participant (employee) contributions | $1,593,373 |
| Other contributions (incl. rollovers in) | $110,694 |
| Administrative expenses paid from the plan | $77,504 |
| Investment advisory & management fees | $6,992 |
| Benefits paid out | $4,109,406 |
| Net assets, start / end of year | $25.7M / $27.6M |
| Active participants, start / end of year | 597 / 797 |
| Participants with account balances | 974 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,512 reported compensation |
| Strategic Advisors, Inc. | $6,992 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015100016NAL0004244609001, received 2025-10-15, EIN 93-0232310, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.