Retirement plan

NARRAGANSETT INDIAN TRIBE 401 K PROFIT SHARING PLAN TRUST

Name: NARRAGANSETT INDIAN TRIBE - NARRAGANSETT INDIAN TRIBE 401 K PROFIT SHARING PLAN TRUST (2018) Form 5500
Creator: NARRAGANSETT INDIAN TRIBE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NARRAGANSETT INDIAN TRIBE 401 K PROFIT SHARING PLAN TRUST, NARRAGANSETT INDIAN TRIBE

NARRAGANSETT INDIAN TRIBEEIN 05-0402864Plan #001PY 2018

4533 SOUTH COUNTY TRAIL, P.O. BOX 268 - CHARLESTOWN, RI 028133322401-364-1100narragansett-tribe.orgLinkedIn11-50 employeescosmetics

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

-9.6% from 2017

Total participants

+3.6% from 2017

Average account balance

$15,696

-10.7% from 2017

Annual return

-3.02%

-20.23 pp from 2017

Benchmarks

See 8,161 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,161 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.44M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$42K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

128.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$202K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$8761

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2F2T2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$238K

$4253 / participant

Other / not subdivided$238K100.0%

% of EOY assets

18.504%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,696

$49,177-68.1%

$79,467-80.2%

$64,173-75.5%

Participation rate

91.1%

65.0%+26.0pp

73.3%+17.7pp

69.6%+21.5pp

Annual return

-3.02%

-1.16%-1.9pp

718.30%-721.3pp

7.63%-10.7pp

Employer contribution / active EE

$1,575

$2,076-24.1%

$2,800-43.8%

$2,381-33.8%

Participant deferral / active EE

$824

$2,821-70.8%

$3,704-77.8%

$3,470-76.3%

Admin fee / account holder

$2,904

$3,839-24.3%

$5,104-43.1%

$4,887-40.6%

NARRAGANSETT INDIAN TRIBE 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NARRAGANSETT INDIAN TRIBE 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion