Retirement plan

MORONGO BAND OF MISSION INDIANS 401(K) RETIREMENT PLAN

Name: MORONGO BAND OF MISSION INDIANS - MORONGO BAND OF MISSION INDIANS 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: MORONGO BAND OF MISSION INDIANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORONGO BAND OF MISSION INDIANS 401(K) RETIREMENT PLAN, MORONGO BAND OF MISSION INDIANS

MORONGO BAND OF MISSION INDIANSEIN 95-2754308Plan #001PY 2016

49500 SEMINOLE DRIVE - CABAZON, CA 92230951-849-3080morongonation.orgLinkedIn201-500 employeesgovernment administration

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$27.7M

+11.2% from 2015

Total participants

2,487

-5.7% from 2015

Average account balance

$27,454

+20.3% from 2015

Annual return

6.87%

+7.62 pp from 2015

Benchmarks

See 124 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort124 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.68M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

1,478

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.

49.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.66M

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$19,112
MOSS ADAMS LLP2+ years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318	Accounting	$10,900
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL CORPORATION Service code 22 · EIN 95-2834236	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$13 / participant

Contract admin$30K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,454

$43,453-36.8%

$109,313-74.9%

$63,975-57.1%

Participation rate

36.4%

59.3%-22.8pp

71.3%-34.9pp

71.1%-34.7pp

Annual return

6.87%

9.85%-3.0pp

22.07%-15.2pp

48.65%-41.8pp

Employer contribution / active EE

$511

$1,799-71.6%

$3,892-86.9%

$2,182-76.6%

Participant deferral / active EE

$1,041

$2,093-50.3%

$3,166-67.1%

$3,356-69.0%

Admin fee / account holder

$30

$79-62.3%

$5,666-99.5%

$70-57.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$19,112

MOSS ADAMS LLP2+ years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

Accounting

$10,900

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 22 · EIN 95-2834236

Insurance Broker

MORONGO BAND OF MISSION INDIANS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORONGO BAND OF MISSION INDIANS 401(K) RETIREMENT 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