Soboba Band of Luiseno Indians 401(k) Review & Grade
Soboba Casino Operations 401(k) Plan
San Jacinto, CAOther Services1,268 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,075Employer $ per active participant
$1,618Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$26.3MNet plan assets, end of year
$35,014Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 17th |
| Employee saving | 36th |
| Peers that auto-enroll | 40% |
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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 ($1,114 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Soboba Band of Luiseno Indians put in about $1,075 per active participant, below the typical peer ($1,257). 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 (0.61% 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.
- 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 | $1,363,166 |
| Participant (employee) contributions | $2,051,849 |
| Other contributions (incl. rollovers in) | $486,101 |
| Administrative expenses paid from the plan | $147,305 |
| Benefits paid out | $2,665,699 |
| Net assets, start / end of year | $22.2M / $26.3M |
| Active participants, start / end of year | 1,260 / 1,276 |
| Participants with account balances | 750 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Macias Gini & O'connell LLP |
Largest service providers (Schedule C)
| Mutual of America Sec. Corp LLC | $106,584 reported compensation |
| Wilshire Associates Inc. | $12,347 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013161439NAL0001694929001, received 2025-10-13, EIN 59-3828541, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.