Retirement plan

KALISPEL TRIBE OF INDIANS 401(K) PLAN

Name: KALISPEL TRIBE OF INDIANS - KALISPEL TRIBE OF INDIANS 401(K) PLAN (2020) Form 5500
Creator: KALISPEL TRIBE OF INDIANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KALISPEL TRIBE OF INDIANS 401(K) PLAN, KALISPEL TRIBE OF INDIANS

KALISPEL TRIBE OF INDIANSEIN 91-0875018Plan #001PY 2020

1981 N. LECLERE ROAD - USK, WA 99180509-447-7221kalispeltribe.comLinkedIn1001-5000 employeesgovernment administration

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2024

Plan administrator

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PO Box 39

Usk, WA 99180

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Plans declared (1)

Plan name not on file59 emp

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Total assets (EOY)

$68.3M

+15.2% from 2019

Total participants

2,275

-8.7% from 2019

Average account balance

$32,364

+26.5% from 2019

Annual return

20.06%

+3.42 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$116.12M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

2,720

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.49M

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$229,577
AB FUNDS3 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
ALTA TRUST3 years Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
AMERICAN CENTURY3 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
BECKER CAPITAL MANAGEMENT3 years Filed as: BECKER FUNDS Service code 52 · EIN 31-0724920	Indirect Investment Fees	$0
DODGE & COX3 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
EATON VANCE2 years Service code 52 · EIN 04-2718215	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$230K

$119 / participant

Investment mgmt$178K77.6%
Contract admin$51K22.2%
Other / not subdivided$5250.2%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,364

$47,634-32.1%

$90,430-64.2%

$90,274-64.1%

Participation rate

91.5%

67.5%+24.0pp

72.7%+18.8pp

73.4%+18.2pp

Annual return

20.06%

19.61%+0.5pp

1293.73%-1273.7pp

53.97%-33.9pp

Employer contribution / active EE

$13

$1,749-99.3%

$3,262-99.6%

$2,523-99.5%

Participant deferral / active EE

$2,681

$2,824-5.1%

$3,963-32.3%

$4,231-36.6%

Admin fee / account holder

$109

$106+2.6%

$5,613-98.1%

$114-4.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$229,577

AB FUNDS3 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

ALTA TRUST3 years

Service code 52 · EIN 59-2385219

Indirect Investment Fees

AMERICAN CENTURY3 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

BECKER CAPITAL MANAGEMENT3 years

Filed as: BECKER FUNDS

Service code 52 · EIN 31-0724920

Indirect Investment Fees

DODGE & COX3 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

EATON VANCE2 years

Service code 52 · EIN 04-2718215

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

KALISPEL TRIBE OF INDIANS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KALISPEL TRIBE OF INDIANS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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