Forest County Potawatomi Community 401(k) Review & Grade
FCP Retirement Plan
Crandon, WIOther Services3,646 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,325Employer $ per active participant
$3,614Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$143.6MNet plan assets, end of year
$29,791Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost7.1 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 29th |
| Employee saving | 59th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($664,780 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $116,780 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Forest County Potawatomi Community put in about $1,325 per active participant, more than the typical peer ($1,132). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.25% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,831,317 |
| Participant (employee) contributions | $13,176,386 |
| Other contributions (incl. rollovers in) | $2,855,537 |
| Administrative expenses paid from the plan | $327,642 |
| Benefits paid out | $17,019,370 |
| Net assets, start / end of year | $123.6M / $143.6M |
| Active participants, start / end of year | 3,625 / 3,667 |
| Participants with account balances | 4,821 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawkins Ash CPA |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $327,642 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014073038NAL0001090755001, received 2025-10-14, EIN 39-1225059, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.