Shakopee Mdewakanton Sioux Cty 401(k) Review & Grade
Shakopee Mdewakanton Sioux Community Gaming Enterprise 401(k) Plan
Prior Lake, MNArts, Entertainment & Recreation2,657 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,900Employer $ per active participant
$2,918Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$177.5MNet plan assets, end of year
$97,980Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 43th |
| Employee saving | 47th |
| Peers that auto-enroll | 43% |
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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
- Shakopee Mdewakanton Sioux Cty put in about $1,900 per active participant, more than the typical peer ($1,107). 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 | $5,047,675 |
| Participant (employee) contributions | $7,751,982 |
| Other contributions (incl. rollovers in) | $1,635,490 |
| Administrative expenses paid from the plan | $251,036 |
| Investment advisory & management fees | $67,713 |
| Benefits paid out | $15,724,771 |
| Net assets, start / end of year | $155.6M / $177.5M |
| Active participants, start / end of year | 2,668 / 2,646 |
| Participants with account balances | 1,812 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $183,323 reported compensation |
| Mma Securities LLC | $65,717 reported compensation |
| Empower Advisory Group, LLC | $1,996 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013100756NAL0001671600001, received 2025-10-13, EIN 41-1690380, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.