Plan Ledger DOL Form 5500 · updated monthly

Menominee Tribal Enterprises401(k)

MENOMINEE TRIBAL RETIREMENT AND 401(K) SAVINGS PLAN · NEOPIT, WI · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Menominee Tribal Enterprises reported $28,131 in plan administrative expenses for 2023: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,484 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 0.45% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Wisconsin (1,625th of 1,936), and 11,215th of 13,661 in manufacturing. In 2023, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 140 to 125 since 2022.

Plan summary
Net assets, end of year$4,977,062
Participants with balances120
Active participants125
Employer contributions$185,479
Employee contributions$379,518
Employer contribution per active participant$1,484
Average account balance$41,476
Benefits paid to participants$746,532
Plan auditUnmodified (clean) audit opinion
AuditorKERBERROSE, SC
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 123 accts · $48K emplr
2023$5.0M · 120 accts · $185K emplr
2022$4.5M · 109 accts · $176K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,722
Investment management$8,661
Total administrative$28,131
The Menominee Tribal Enterprises 401(k) match · 2023
Employer contribution per active participant$1,484
Median for plans this size$1,308
2024$369 per active participant
2023$1,484 per active participant
2022$1,257 per active participant

Menominee Tribal Enterprises's 2023 employer contribution ran above the $1,308 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SHERIDAN ROAD · Investment advisory (plan)$8,661

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$17,796 · 0.38%
2023$28,131 · 0.59%
2022$23,748 · 0.45%
Same employer
Similar plansManufacturing · Wisconsin
Dairyfood USA Inc WI$4.9M · 0.43%
Talgo, Inc. WI$4.8M · 0.08%
Reliable of Milwaukee WI$4.7M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391218441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.