Choctaw Nation of Oklahoma 401(k) Review & Grade
Choctaw Nation of Oklahoma Thrift Plan
Durant, OKMining, Oil & Gas12,906 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,959Employer $ per active participant
$2,834Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$424.7MNet plan assets, end of year
$32,871Average balance per account
Score breakdown
- Employer generosity23.2 / 5046th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 44th |
| Employee saving | 34th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $2,385 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Choctaw Nation of Oklahoma put in about $1,959 per active participant, below the typical peer ($2,229). 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.
- 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.
- 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 | $25,280,333 |
| Participant (employee) contributions | $36,574,238 |
| Other contributions (incl. rollovers in) | $1,284,699 |
| Administrative expenses paid from the plan | $390,560 |
| Other admin expenses | $49,323 |
| Benefits paid out | $36,256,048 |
| Net assets, start / end of year | $359.2M / $424.7M |
| Active participants, start / end of year | 12,788 / 13,025 |
| Participants with account balances | 12,921 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rose Rock Cpas |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $322,237 reported compensation |
| Rose Rock Cpas, PLLC | $19,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919084305NAL0000997491001, received 2025-09-19, EIN 73-0717979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.