Salem Clinic 401(k) match, vesting and fees
What Salem Clinic's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Aldrich Cpas and Advisors, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,380 defined-contribution plans in health care and social assistance with 500 to 999 participants.
| Salem Clinic: employer contribution per participant | $6,525 | |
| Peer median | $1,337 |
| Salem Clinic: average balance | $188,392 | |
| Peer median | $35,764 |
| Salem Clinic: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $122M at the end of plan year 2021 to $119M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 732 | $119M | $4.1M | $6,525 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 619 | $105M | $3.9M | $6,595 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 596 | $96.3M | $4M | $7,118 | 0.03% | Not published | Form 5500 ↗ |
| 2021 | 609 | $122M | $4.6M | $7,956 | 0.07% | Not published | Form 5500 ↗ |
Other Salem Clinic plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Salem Clinic, P.C. Cash Balance Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Salem Clinic match 401(k) contributions?
The match terms for the Salem Clinic, P.C. 401(k) Cash or Deferred Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $4.1M in employer contributions, about $6,525 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Salem Clinic 401(k) match vested?
The vesting schedule for the Salem Clinic, P.C. 401(k) Cash or Deferred Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Salem Clinic 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Salem Clinic, P.C..
I left Salem Clinic. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Salem Clinic, P.C., (503) 399-2424) or the recordkeeper, Schwab Retirement Plan Services,inc. The Salem Clinic old 401(k) page lists the contacts from every plan filing. Find an old Salem Clinic 401(k)
Data from the public Form 5500 annual reports Salem Clinic filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Salem Clinic. Not financial advice. Report a correction · Methodology