Promontory Healthcare Companies, LLC 401(k) Review & Grade
Promontory Healthcare Companies, LLC 401(k) Plan
Portland, ORHealth Care & Social Assistance522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$255Employer $ per active participant
$1,458Employee $ saved per active participant
1.12%Direct admin cost, % of plan assets
$5.8MNet plan assets, end of year
$20,744Average balance per account
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score5 / 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 | 24th |
| Lower admin cost | 5th |
| Employee saving | 33th |
| 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 ($32,299 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $43,417 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Promontory Healthcare Companies put in about $255 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.
- Direct plan expenses (1.12% 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.
- 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 | $133,330 |
| Participant (employee) contributions | $761,137 |
| Other contributions (incl. rollovers in) | $170,839 |
| Administrative expenses paid from the plan | $58,528 |
| Contract administrator fees | $29,443 |
| Investment advisory & management fees | $17,205 |
| Other admin expenses | $11,880 |
| Benefits paid out | $603,067 |
| Net assets, start / end of year | $4.7M / $5.8M |
| Active participants, start / end of year | 501 / 543 |
| Participants with account balances | 278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $16,158 reported compensation |
| John Hancock Life Insurance C | $1,600 reported compensation |
| Wilshire Associates Inc(usa) | $1,047 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924114224NAL0002993011001, received 2025-09-24, EIN 45-2397858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.