Retirement plan

MICCOSUKEE TRIBE OF INDIANS OF FLORIDA 401(K) PLAN

Name: MICCOSUKEE TRIBE OF INDIANS OF FLORIDA - MICCOSUKEE TRIBE OF INDIANS OF FLORIDA 401(K) PLAN (2024) Form 5500
Creator: MICCOSUKEE TRIBE OF INDIANS OF FLORIDA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICCOSUKEE TRIBE OF INDIANS OF FLORIDA 401(K) PLAN, MICCOSUKEE TRIBE OF INDIANS OF FLORIDA

MICCOSUKEE TRIBE OF INDIANS OF FLORIDAEIN 59-0996784Plan #001PY 2024

MILE MARKER 37.5 US HIGHWAY 41, TAMIAMI TRAIL - MIAMI, FL 33194305-894-5220LinkedIn1001-5000 employeesgovernment administration

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$45.3M

+13.2% from 2023

Total participants

1,292

+1.0% from 2023

Average account balance

$55,930

+11.3% from 2023

Annual return

12.94%

-4.17 pp from 2023

Benchmarks

See 308 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.30M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

810

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.

58.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.02M

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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
TRANSAMERICA RETIREMENT SOLUTIONS7 years Service code 12 · EIN 13-3689044	Direct payment from the plan; Investm...	$114,344
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES INC. Service code 16	Consulting	$38,909
NATIONAL FINANCIAL SERVICES7 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0
UBS FINANCIAL SERVICES INC7 years Filed as: UBS FINANCIAL SERVICES Service code 16 315 DEADERICK STREET · NASHVILLE, TN 37238	Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$114K

$98 / participant

Recordkeeping$114K100.0%

% of EOY assets

0.252%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VERDEJA & ALVAREZ, LLP
Auditor EIN: 204989621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,930

$113,568-50.8%

$67,575-17.2%

$199,960-72.0%

Participation rate

58.9%

73.3%-14.5pp

72.9%-14.0pp

72.0%-13.1pp

Annual return

12.94%

15.88%-2.9pp

3528.98%-3516.0pp

34.28%-21.3pp

Employer contribution / active EE

$1,761

$3,409-48.4%

$2,736-35.6%

$3,036-42.0%

Participant deferral / active EE

$2,526

$4,163-39.3%

$4,003-36.9%

$5,087-50.3%

Admin fee / account holder

$141

$102+37.9%

$3,993-96.5%

$269-47.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Investm...

$114,344

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 16

Consulting

$38,909

NATIONAL FINANCIAL SERVICES7 years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

UBS FINANCIAL SERVICES INC7 years

Filed as: UBS FINANCIAL SERVICES

Service code 16

315 DEADERICK STREET · NASHVILLE, TN 37238

Consulting

MICCOSUKEE TRIBE OF INDIANS OF FLORIDA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICCOSUKEE TRIBE OF INDIANS OF FLORIDA 401(K) 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