Mohawk Gaming Enterprises, LLC 401(k) Review & Grade
Akwesasne Mohawk Casino 401(k) Plan
Hogansburg, NYArts, Entertainment & Recreation621 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$891Employer $ per active participant
$1,974Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$22.6MNet plan assets, end of year
$27,211Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost5.1 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 21th |
| Employee saving | 42th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,235 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mohawk Gaming Enterprises put in about $891 per active participant, below the typical peer ($995). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $553,165 |
| Participant (employee) contributions | $1,225,707 |
| Other contributions (incl. rollovers in) | $27,342 |
| Administrative expenses paid from the plan | $113,610 |
| Benefits paid out | $1,466,625 |
| Net assets, start / end of year | $19.4M / $22.6M |
| Active participants, start / end of year | 585 / 657 |
| Participants with account balances | 830 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $113,610 reported compensation |
| Ameritas Investment Company LLC | $10,055 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006072531NAL0001903731001, received 2025-10-06, EIN 16-1558843, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.