Retirement plan

BOIS FORTE ENTERPRISES 401(K) RETIREMENT PLAN

Name: BOIS FORTE RESERVATION TRIBAL COUNCIL - BOIS FORTE ENTERPRISES 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: BOIS FORTE RESERVATION TRIBAL COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOIS FORTE ENTERPRISES 401(K) RETIREMENT PLAN, BOIS FORTE RESERVATION TRIBAL COUNCIL

BOIS FORTE RESERVATION TRIBAL COUNCILEIN 41-1482604Plan #002PY 2019

1430 BOIS FORTE ROAD - TOWER, MN 55790218-753-6400fortunebay.comLinkedIn501-1000 employeesgambling & casinos

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.4M

+18.7% from 2018

Total participants

387

+1.8% from 2018

Average account balance

$33,241

+21.2% from 2018

Annual return

17.87%

+21.77 pp from 2018

Benchmarks

See 422 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort422 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.64M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

202

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.

11.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$806K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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

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Service providers

Top 10 of 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$62,330
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$24,877
ALLIANZ GLOBAL INVESTORS2 years Service code 52 · EIN 06-1349805	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
DELAWARE INVESTMENTS2 years Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HARRIS2 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 84-1308320	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$87K

$273 / participant

Investment mgmt$76K87.4%
Contract admin$11K12.6%

% of EOY assets

0.927%

all-in expense ratio

Categories reported

2 / 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: WALKER, GIROUX & HAHNE LLC
Auditor EIN: 411482604
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,241

$47,648-30.2%

$130,660-74.6%

$67,582-50.8%

Participation rate

67.4%

60.4%+7.0pp

71.7%-4.4pp

71.3%-3.9pp

Annual return

17.87%

25.73%-7.9pp

1709.29%-1691.4pp

378.57%-360.7pp

Employer contribution / active EE

$1,173

$1,408-16.7%

$4,092-71.3%

$2,148-45.4%

Participant deferral / active EE

$1,505

$2,616-42.5%

$3,603-58.2%

$3,539-57.5%

Admin fee / account holder

$308

$105+193.4%

$5,463-94.4%

$142+116.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$62,330

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$24,877

ALLIANZ GLOBAL INVESTORS2 years

Service code 52 · EIN 06-1349805

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

DELAWARE INVESTMENTS2 years

Service code 52 · EIN 23-2651520

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HARRIS2 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 84-1308320

Indirect Investment Fees

BOIS FORTE ENTERPRISES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOIS FORTE ENTERPRISES 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