Swinomish Tribal Community 401(k) Review & Grade
Swinomish Tribal Community Retirement Savings Plan
La Conner, WAPublic Administration1,024 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,194Employer $ per active participant
$3,932Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$58.3MNet plan assets, end of year
$39,987Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost17.4 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 500–2,499 active participants (fewer than 30 industry peers) (10,919 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 69th |
| Employee saving | 46th |
| Peers that auto-enroll | 47% |
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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 ($16,112 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 $918 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Swinomish Tribal Community put in about $2,194 per active participant, more than the typical peer ($1,749). 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 | $2,247,603 |
| Participant (employee) contributions | $4,028,053 |
| Other contributions (incl. rollovers in) | $86,777 |
| Administrative expenses paid from the plan | $63,352 |
| Investment advisory & management fees | $9,637 |
| Benefits paid out | $2,767,044 |
| Net assets, start / end of year | $46.8M / $58.3M |
| Active participants, start / end of year | 980 / 1,069 |
| Participants with account balances | 1,459 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilley, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $32,715 reported compensation |
| Moss Adams LLP | $21,000 reported compensation |
| Strategic Advisors, Inc. | $9,637 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163804NAL0002760227001, received 2025-10-15, EIN 91-0434170, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.