Retirement plan

UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING PLAN

Name: UPPER SKAGIT INDIAN TRIBE - UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: UPPER SKAGIT INDIAN TRIBE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING PLAN, UPPER SKAGIT INDIAN TRIBE

UPPER SKAGIT INDIAN TRIBEdba DBA SKAGIT VALLEY CASINO RESORTEIN 91-1703103Plan #001PY 2020

5984 N DARRK LANE - BOW, WA 982328631360-724-0105upperskagittribe-nsn.govLinkedIn51-200 employeesgovernment administration

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.7M

+7.3% from 2019

Total participants

466

-9.7% from 2019

Average account balance

$27,738

+16.0% from 2019

Annual return

12.29%

-8.66 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.26M

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.

328

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 · EIN 01-0233346	Recordkeeping	$35,710
LPL FINANCIAL6+ years Filed as: LPL FINANCIAL LLC Service code 26	Advisory (Participants)	$30,198
PANAGIOTU PENSION ADVISORS, INC.6+ years Filed as: PANAGIOTU PENSION ADVISORS, INC Service code 13 · EIN 91-1463664 7350 CIRQUE DRIVE WEST SUITE 201 · UNIVERSITY PLACE, WA 98467	Contract Administrator	$13,233

Plan features & details

Pension benefit codes2E2F2G2J3D3H2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$79K

$285 / participant

Investment mgmt$30K38.2%
Contract admin$13K16.7%
Other / not subdivided$36K45.1%

% of EOY assets

0.676%

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 LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,738

$29,369-5.6%

$77,513-64.2%

$73,412-62.2%

Participation rate

84.2%

37.9%+46.2pp

54.2%+30.0pp

72.2%+12.0pp

Annual return

12.29%

358.15%-345.9pp

54.81%-42.5pp

59.30%-47.0pp

Employer contribution / active EE

$944

$406+132.7%

$987-4.3%

$2,234-57.7%

Participant deferral / active EE

$1,484

$941+57.7%

$1,861-20.3%

$3,806-61.0%

Admin fee / account holder

$188

$123+52.8%

$2,859-93.4%

$158+18.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15 · EIN 01-0233346

Recordkeeping

$35,710

LPL FINANCIAL6+ years

Filed as: LPL FINANCIAL LLC

Service code 26

Advisory (Participants)

$30,198

PANAGIOTU PENSION ADVISORS, INC.6+ years

Filed as: PANAGIOTU PENSION ADVISORS, INC

Service code 13 · EIN 91-1463664

7350 CIRQUE DRIVE WEST SUITE 201 · UNIVERSITY PLACE, WA 98467

Contract Administrator

$13,233

UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER SKAGIT INDIAN TRIBE DBA SVCR 401K PROFIT SHARING 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