Muckleshoot Indian Tribe 401(k) Review & Grade
Muckleshoot Retirement Plan
Auburn, WAAdministrative, Support & Staffing Services3,716 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,389Employer $ per active participant
$4,492Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$260.0MNet plan assets, end of year
$57,965Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 54th |
| Employee saving | 81th |
| Peers that auto-enroll | 22% |
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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 ($13,794 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $12,970 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Muckleshoot Indian Tribe put in about $3,389 per active participant, more than the typical peer ($342). 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.
- 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 | $12,590,621 |
| Participant (employee) contributions | $16,690,809 |
| Other contributions (incl. rollovers in) | $2,032,013 |
| Administrative expenses paid from the plan | $262,912 |
| Benefits paid out | $26,535,178 |
| Net assets, start / end of year | $223.9M / $260.0M |
| Active participants, start / end of year | 3,488 / 3,943 |
| Participants with account balances | 4,486 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $262,912 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002185211NAL0000816945001, received 2025-10-02, EIN 91-0838426, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.