Plan Ledger DOL Form 5500 · updated monthly

Prairie Island Indian Community401(k)

PRAIRIE ISLAND INDIAN COMMUNITY 401(K) RETIREMENT PLAN · RED WING, MN · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Prairie Island Indian Community reported $186,932 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $821 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 0.44% to 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 470th-largest of 1,918 plans among Minnesota employers on file, and the 189th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 1,138 to 1,293 since 2022.

Plan summary
Net assets, end of year$53,715,989
Participants with balances676
Active participants1,293
Employer contributions$1,061,924
Employee contributions$2,923,908
Employer contribution per active participant$821
Average account balance$79,462
Benefits paid to participants$4,471,184
Plan auditUnmodified (clean) audit opinion
AuditorSCHECHTER DOKKEN KANTER ANDREWS & S
Plan history3
Yearassets · accounts · employer contribution
2024$53.7M · 676 accts · $1.1M emplr
2023$48.6M · 691 accts · $938K emplr
2022$40.5M · 664 accts · $840K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$146,932
Investment management$40,000
Total administrative$186,932
The Prairie Island Indian Community 401(k) match · 2024
Employer contribution per active participant$821
Median for plans this size$3,635
2024$821 per active participant
2023$762 per active participant
2022$738 per active participant

Prairie Island Indian Community's 2024 employer contribution ran below the $3,635 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$146,932
CREATIVE PLANNING, LLC · Pension consulting$40,000

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$186,932 · 0.37%
2023$173,733 · 0.39%
2022$194,739 · 0.44%
Similar plansArts, Entertainment & Recreation · Minnesota
Minnesota Twins, LLC MN$75.4M · 0.12%
Moac Mall Holdings LLC MN$62.6M · 0.30%
Self Esteem Brands, LLC MN$39.8M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411231069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.