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 (2023) 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 2023

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)

$12M

+14.7% from 2022

Total participants

383

-10.9% from 2022

Average account balance

$36,042

+35.7% from 2022

Annual return

16.14%

+32.46 pp from 2022

Benchmarks

See 911 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort911 peers

Snapshot2023

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
LPL FINANCIAL9+ years Filed as: LPL FINANCIAL LLC Service code 26	Advisory (Participants)	$28,080
DEFINITI LLC3 years Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363	Contract Administrator	$18,429
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Service code 15 · EIN 01-0233346	Recordkeeping	$522

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

$82K

$311 / participant

Recordkeeping$36K43.3%
Investment mgmt$28K34.2%
Contract admin$18K22.5%

% of EOY assets

0.681%

all-in expense ratio

Categories reported

3 / 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

$36,042

$26,114+38.0%

$58,544-38.4%

$74,440-51.6%

Participation rate

81.4%

32.1%+49.3pp

50.9%+30.6pp

70.7%+10.7pp

Annual return

16.14%

32.51%-16.4pp

4249.56%-4233.4pp

34.37%-18.2pp

Employer contribution / active EE

$2,259

$536+321.9%

$1,053+114.6%

$2,638-14.3%

Participant deferral / active EE

$1,633

$1,075+52.0%

$1,923-15.1%

$4,529-63.9%

Admin fee / account holder

$246

$649-62.2%

$2,520-90.3%

$348-29.4%

Provider

Service type

Compensation

LPL FINANCIAL9+ years

Filed as: LPL FINANCIAL LLC

Service code 26

Advisory (Participants)

$28,080

DEFINITI LLC3 years

Filed as: DEFINITI, LLC

Service code 13 · EIN 85-0833363

Contract Administrator

$18,429

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Service code 15 · EIN 01-0233346

Recordkeeping

$522

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