Plan Ledger DOL Form 5500 · updated monthly

Little Traverse Bay Bands of Odawa Indians dba Odawa Casino Resort401(k)

ODAWA CASINO RESORT 401(K)PLAN · PETOSKEY, MI · plan year 2024

Reported admin expense ratio · 2024
0.54%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Little Traverse Bay Bands of Odawa Indians dba Odawa Casino Resort reported $62,206 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $988 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.61% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Michigan (1,418th of 2,619), and the 612th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,830,053
Participants with balances239
Active participants300
Employer contributions$296,294
Employee contributions$633,135
Employer contribution per active participant$988
Average account balance$49,498
Benefits paid to participants$1,647,987
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 239 accts · $296K emplr
2023$11.2M · 236 accts · $301K emplr
2022$10.2M · 239 accts · $274K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,389
Investment management$13,817
Total administrative$62,206
The Little Traverse Bay Bands of Odawa Indians dba Odawa Casino Resort 401(k) match · 2024
Employer contribution per active participant$988
Median for plans this size$2,416
2024$988 per active participant
2023$990 per active participant
2022$917 per active participant

Little Traverse Bay Bands of Odawa Indians dba Odawa Casino Resort's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$13,817
OSAIC WEALTH INC · Investment advisory (plan)$11,288
MAP RETIREMENT INC · Contract administrator$444
FSC SECURITIES CORPORATION$47

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$62,206 · 0.54%
2023$71,813 · 0.67%
2022$67,050 · 0.61%
Same employer
Similar plansArts, Entertainment & Recreation · Michigan
I.A.T.S.E. Local No. 6 MI$21.8M · 0.81%
Ford Field Management LLC MI$20.0M · 0.41%
Little River Casino Resort MI$18.8M · 0.48%
Mvp Operations, LLC MI$8.8M · 0.62%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383376548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.