Miccosukee Tribe of Indians of Florida 401(k) Review & Grade
Miccosukee Tribe of Indians of Florida 401(k) Plan
Miami, FLEducational Services1,176 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,754Employer $ per active participant
$2,517Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$45.3MNet plan assets, end of year
$55,930Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 45th |
| Employee saving | 48th |
| Peers that auto-enroll | 37% |
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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
- Miccosukee Tribe of Indians of Florida put in about $1,754 per active participant, more than the typical peer ($1,225). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,063,408 |
| Participant (employee) contributions | $2,960,800 |
| Other contributions (incl. rollovers in) | $171,440 |
| Administrative expenses paid from the plan | $114,344 |
| Benefits paid out | $4,940,127 |
| Net assets, start / end of year | $40.0M / $45.3M |
| Active participants, start / end of year | 1,181 / 1,172 |
| Participants with account balances | 810 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Verdeja & Alvarez, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $114,344 reported compensation |
| Ubs Financial Services | $38,909 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250625153058NAL0004662547002, received 2025-06-25, EIN 59-0996784, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.