Retirement plan

MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN

Name: MASHANTUCKET PEQUOT TRIBE - MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: MASHANTUCKET PEQUOT TRIBE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN, MASHANTUCKET PEQUOT TRIBE

MASHANTUCKET PEQUOT TRIBEEIN 06-0995554Plan #001PY 2016

PO BOX 3008 - MASHANTUCKET, CT 06338860-396-3180

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$374.7M

-4.5% from 2016

Total participants

8,417

+1.1% from 2016

Average account balance

$64,263

-7.5% from 2016

Annual return

6.22%

-6.60 pp from 2016

Benchmarks

See 1,068 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,068 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$424.90M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

4,100

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.

61.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH CONSULTING SERVICES Service code 70 · EIN 94-1687665 4800 DEER LAKE DRIVE EAST · JACKSONVILLE, FL 32246	Consulting Fees	$125,000
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Recordkeeping	$76,360
RSM US LLP1 year Service code 10 · EIN 42-0714325 5155 PAYSHPERE CIRCLE · CHCAGO, IL 60674	Accounting	$24,015
ROBINSON & COLE LLP2+ years Service code 29 · EIN 06-0512640 280 TRUMBULL STREET · HARTFORD, CT 06103	Legal	$6,826

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$232K

$33 / participant

Other / not subdivided$232K100.0%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,263

$65,292-1.6%

$109,313-41.2%

$65,292-1.6%

Participation rate

63.7%

72.4%-8.8pp

71.3%-7.6pp

72.4%-8.8pp

Annual return

6.22%

11.84%-5.6pp

22.07%-15.8pp

11.84%-5.6pp

Employer contribution / active EE

$760

$2,302-67.0%

$3,892-80.5%

$2,302-67.0%

Participant deferral / active EE

$2,027

$3,579-43.4%

$3,166-36.0%

$3,579-43.4%

Admin fee / account holder

$40

$57-30.6%

$5,666-99.3%

$57-30.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH CONSULTING SERVICES

Service code 70 · EIN 94-1687665

4800 DEER LAKE DRIVE EAST · JACKSONVILLE, FL 32246

Consulting Fees

$125,000

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Recordkeeping

$76,360

RSM US LLP1 year

Service code 10 · EIN 42-0714325

5155 PAYSHPERE CIRCLE · CHCAGO, IL 60674

Accounting

$24,015

ROBINSON & COLE LLP2+ years

Service code 29 · EIN 06-0512640

280 TRUMBULL STREET · HARTFORD, CT 06103

Legal

$6,826

MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN

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