Miami Nation Enterprises 401(k) Review & Grade
Miami Nation Enterprises 401(k) Profit Sharing Plan
Miami, OKManagement of Companies574 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,455Employer $ per active participant
$2,392Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$15.4MNet plan assets, end of year
$47,794Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 34th |
| Employee saving | 18th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Miami Nation Enterprises put in about $1,455 per active participant, below the typical peer ($2,492). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.37% 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 | $835,277 |
| Participant (employee) contributions | $1,373,117 |
| Other contributions (incl. rollovers in) | $321,199 |
| Administrative expenses paid from the plan | $53,025 |
| Contract administrator fees | $53,025 |
| Benefits paid out | $2,320,175 |
| Net assets, start / end of year | $13.6M / $15.4M |
| Active participants, start / end of year | 589 / 559 |
| Participants with account balances | 323 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ober & Littlefield, Cpa's, PLLC |
Largest service providers (Schedule C)
| Usi Consulting Group | $33,497 reported compensation |
| Hub Investment Partners LLC | $32,990 reported compensation |
| Capital Group Retirement Plan Serv | $4,728 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111328NAL0003756976001, received 2025-10-14, EIN 20-3030737, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.