Retirement plan

MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN

Name: MASHANTUCKET PEQUOT TRIBE - MASHANTUCKET PEQUOT TRIBE 401(K) RETIREMENT PLAN (2021) 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 2021

MPTN FINANCE, P.O. BOX 3008 - MASHANTUCKET, CT 06338860-396-3180

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$439.5M

-4.5% from 2016

Total participants

5,756

+1.1% from 2016

Average account balance

$99,754

-7.5% from 2016

Annual return

10.47%

-6.60 pp from 2016

Benchmarks

See 118 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort118 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
RSM US LLP6 years Service code 10 · EIN 42-0714325	Accounting	$26,775
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$21,710
ROBINSON & COLE LLP7+ years Service code 70 · EIN 06-0512640	Consulting Fees	$5,760

Plan features & details

Pension benefit codes2F2G2J2K2T2E

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.
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.

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$14 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,754

$62,943+58.5%

$142,908-30.2%

$93,010+7.3%

Participation rate

65.9%

63.3%+2.6pp

72.0%-6.0pp

73.9%-8.0pp

Annual return

10.47%

16.28%-5.8pp

5640.16%-5629.7pp

158.70%-148.2pp

Employer contribution / active EE

$890

$1,374-35.2%

$4,146-78.5%

$2,705-67.1%

Participant deferral / active EE

$2,790

$2,841-1.8%

$3,838-27.3%

$4,561-38.8%

Admin fee / account holder

$12

$103-88.0%

$6,560-99.8%

$152-91.9%

Provider

Service type

Compensation

RSM US LLP6 years

Service code 10 · EIN 42-0714325

Accounting

$26,775

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$21,710

ROBINSON & COLE LLP7+ years

Service code 70 · EIN 06-0512640

Consulting Fees

$5,760

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