Retirement plan

MBCI TRIBAL GOVERNMENT ENTERPRISE 401(K) PLAN

Name: MISSISSIPPI BAND OF CHOCTAW INDIANS - MBCI TRIBAL GOVERNMENT ENTERPRISE 401(K) PLAN (2024) Form 5500
Creator: MISSISSIPPI BAND OF CHOCTAW INDIANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MBCI TRIBAL GOVERNMENT ENTERPRISE 401(K) PLAN, MISSISSIPPI BAND OF CHOCTAW INDIANS

MISSISSIPPI BAND OF CHOCTAW INDIANSEIN 64-0345731Plan #002PY 2024

PO BOX 6090 - CHOCTAW, MS 39350601-650-1579ms.sandler.comLinkedIn51-200 employees

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.7M

+2.3% from 2023

Total participants

3,126

-25.4% from 2023

Average account balance

$17,954

+60.7% from 2023

Annual return

8.34%

-4.11 pp from 2023

Benchmarks

See 8,384 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants1,000-4,999

Cohort8,384 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$40.74M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

2,269

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.

65.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$200,248
ORENDA RETIREMENT, LLC1 year Filed as: ORENDA RETIREMENT Service code 13 · EIN 36-4877979	Contract Administrator	$85,229
ORENDA RETIREMENT, LLC1 year Filed as: ORENDA RETIREMENT LLC Service code 13	Contract Administrator	$22,815
HARPER, RAINS, KNIGHT & CO1 year Filed as: HARPER, RAINS, KNIGHT & COMPANY Service code 10 · EIN 64-0809101	Accounting	$17,500
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGAMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT,L Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T3H

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$338K

$138 / participant

Contract admin$338K100.0%

% of EOY assets

0.830%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TRAILBREAKER ACCOUNTING PLLC
Auditor EIN: 393265760
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,954

$199,593-91.0%

$76,190-76.4%

$199,593-91.0%

Participation rate

65.0%

72.0%-7.0pp

79.3%-14.2pp

72.0%-7.0pp

Annual return

8.34%

34.25%-25.9pp

13.78%-5.4pp

34.25%-25.9pp

Employer contribution / active EE

$974

$3,034-67.9%

$4,578-78.7%

$3,034-67.9%

Participant deferral / active EE

$1,392

$5,087-72.6%

$5,474-74.6%

$5,087-72.6%

Admin fee / account holder

$149

$269-44.5%

$5,123-97.1%

$269-44.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$200,248

ORENDA RETIREMENT, LLC1 year

Filed as: ORENDA RETIREMENT

Service code 13 · EIN 36-4877979

Contract Administrator

$85,229

ORENDA RETIREMENT, LLC1 year

Filed as: ORENDA RETIREMENT LLC

Service code 13

Contract Administrator

$22,815

HARPER, RAINS, KNIGHT & CO1 year

Filed as: HARPER, RAINS, KNIGHT & COMPANY

Service code 10 · EIN 64-0809101

Accounting

$17,500

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGAMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT,L

Service code 26

Advisory (Participants)

MBCI TRIBAL GOVERNMENT ENTERPRISE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MBCI TRIBAL GOVERNMENT ENTERPRISE 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