Firekeepers Development Authority 401(k) Review & Grade
Firekeepers Casino Hotel 401(k) Plan
Battle Creek, MIArts, Entertainment & Recreation1,996 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,228Employer $ per active participant
$2,619Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$57.8MNet plan assets, end of year
$19,565Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 21th |
| Employee saving | 56th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Firekeepers Development Authority put in about $1,228 per active participant, more than the typical peer ($995). 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.
- Direct plan expenses (0.54% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,449,588 |
| Participant (employee) contributions | $5,226,671 |
| Other contributions (incl. rollovers in) | $27,763 |
| Administrative expenses paid from the plan | $288,775 |
| Contract administrator fees | $183,382 |
| Investment advisory & management fees | $35,373 |
| Other admin expenses | $70,020 |
| Benefits paid out | $5,280,689 |
| Net assets, start / end of year | $49.3M / $57.8M |
| Active participants, start / end of year | 2,037 / 1,954 |
| Participants with account balances | 2,953 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brady Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $288,777 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014114637NAL0003827472001, received 2025-10-14, EIN 35-2296536, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.