Morongo Band of Mission Indians 401(k) Review & Grade
Morongo Band of Mission Indians 401(k) Retirement Plan
Banning, CAArts, Entertainment & Recreation2,430 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,352Employer $ per active participant
$3,032Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$84.7MNet plan assets, end of year
$57,293Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost19.0 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 76th |
| Employee saving | 64th |
| 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
- Morongo Band of Mission Indians put in about $1,352 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,286,415 |
| Participant (employee) contributions | $7,368,594 |
| Other contributions (incl. rollovers in) | $636,370 |
| Administrative expenses paid from the plan | $72,300 |
| Contract administrator fees | $72,300 |
| Benefits paid out | $7,806,587 |
| Net assets, start / end of year | $71.8M / $84.7M |
| Active participants, start / end of year | 2,442 / 2,419 |
| Participants with account balances | 1,478 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Tri-Ad Actuaries, Inc. | $72,300 reported compensation |
| Charles Schwab & Co, Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904090011NAL0027124912001, received 2025-09-04, EIN 95-2754308, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.