Tunica-Biloxi Indians of Louisiana 401(k) Review & Grade
Tunica-Biloxi Indians of Louisiana 401(k) Savings Plan
Marksville, LAAccommodation & Food Services1,004 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$373Employer $ per active participant
$1,123Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$22.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 82th |
| Employee saving | 66th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,212,392 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $21,237 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tunica-Biloxi Indians of Louisiana put in about $373 per active participant, more than the typical peer ($266). 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 | $374,869 |
| Participant (employee) contributions | $1,127,627 |
| Other contributions (incl. rollovers in) | $17,651 |
| Administrative expenses paid from the plan | $14,438 |
| Investment advisory & management fees | $7,413 |
| Benefits paid out | $1,825,094 |
| Net assets, start / end of year | $19.5M / $22.1M |
| Active participants, start / end of year | 989 / 1,020 |
| Participants with account balances | 380 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wegmann Dazet, Apc |
Largest service providers (Schedule C)
| Morgan Stanley | $7,413 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $7,025 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145044NAL0002603235001, received 2025-10-15, EIN 72-0942856, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.