Fort Mojave Indian Tribe 401(k) Review & Grade
Fort Mojave Indian Tribe 401(k) Plan
Needles, CAAccommodation & Food Services796 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$398Employer $ per active participant
$1,064Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$10.9MNet plan assets, end of year
$26,601Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 26th |
| Employee saving | 63th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Fort Mojave Indian Tribe put in about $398 per active participant, more than the typical peer ($266). 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 (0.46% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $316,653 |
| Participant (employee) contributions | $846,540 |
| Other contributions (incl. rollovers in) | $144,451 |
| Administrative expenses paid from the plan | $47,495 |
| Contract administrator fees | $47,495 |
| Benefits paid out | $1,120,147 |
| Net assets, start / end of year | $9.7M / $10.9M |
| Active participants, start / end of year | 845 / 746 |
| Participants with account balances | 409 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rich, Wightman & Company Cpas |
Largest service providers (Schedule C)
| Benefits2 Administrators LLC | $12,940 reported compensation |
| John Hancock Life Insurance Company | $8,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102239NAL0002614529001, received 2025-10-14, EIN 95-2380606, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.